How’s The Market

How’s The Market

Let's Talk About What Your Home Is Worth...

 
a white house with a pool
 
Ryan Leidner Architecture | Eichler Home in Silicon Valley
 
WESTLAKE VILLAGE 2022
 
Median Price of New Listings | $1,450,000
 
Average Days on Market | 48
 
For Sale Inventory | 106 Homes
 
The housing market has quickly slowed from its pandemic-era frenzy.  The crazy bidding wars of the  recent  past  are receding as sellers become more flexible: “92% of owners who sold their homes in the past year accepted some buyer-friendly terms, according to a new report from Realtor.com”. “Mortgage rates have nearly doubled this year and have sidelined many buyers, leading sales to drop throughout the US.”, reported by Goldman Sachs Group Inc. We expect price growth to decelerate over the coming quarters. It’s important to bear in mind that deceleration & decline are two entirely different things. We would love to talk to you more about the market.
 
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