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How’s The Market

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

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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