Take a look at the current available market statistics for last month.
The links are below. Notice that the December single family home and townhouse/condo prices are slightly down, year over year, and the time to sell a property is up slightly.
Problem? No! You are looking at a NORMAL market, and we can be very happy to be back to this normal without the stress of writing many offers before getting a new home. Sellers don’t fret. 30 days on the market instead of 7 is much more normal, and not so frenetic for you too.
The very good news is that we are seeing prices stabilize and not swing wildly up or down.
Are you renting still? Why are you letting your monthly rent cost go up? Across the country, it continues to climb. The solution to your monthly housing price is to purchase a place and lock in your monthly payment.
Don’t worry about the mortgage rates being about 7%. That is historically low, but most younger people have never seen rates higher than 5%. Buy the property at the current price, lock it in, and refi that loan when the rates go down. If you wait, the housing prices will be on their way up again.
Check out the Santa Clara County stats below.
Single Family Homes
Condos and Townhouses
Time to talk about your real estate? Call me.
Did you know that I can also show you NEW CONSTRUCTION, MODULAR HOMES, and MOBILE HOMES?
408-644-5159
Erin@BenfordRealEstate.com
18+ years of Licensed Experience
46+ years of Owner Experience
One can download information from the internet; but, one cannot download expertise. We look for the red flags and negotiate for a living. Hire the experts. We will tell you the truth.
