Thinking about a career in San Diego real estate sales?
Email me today for a private San Diego real estate career consultation.
As an agent, my number one goal is to get the listing. I'm not going to fight the seller on the price as hard as I would 30 days ago because we're in a market where, although it might take a little longer, I will be able to get the price that they desire. Coming into the summer selling season, he who has the largest listing inventory is going to win big!
Email me today for a private San Diego real estate career consultation.
As agents, we know it's imperative to study the market so we can keep our clients aware, build a great business, and generally be aware of shifts in the market.
We've seen 2.7% more listings come to the market year-to-date. In that same time period, we've had 13% more homes that have gone pending. Since we've seen so much activity this early on in the year, we have 16% fewer homes on the market than at the same time last year. That's right - inventory is incredibly low, at only 2.5 months.
Sales price to list price is an indicator of what the seller can expect. Recently, we saw the list-to-sales price drop to 96.1%, but that trend is reversing. In other words, we're heading back into an appreciating market where multiple offer situations will be more common.
As an agent, my number one goal is to get the listing. I'm not going to fight the seller on the price as hard as I would 30 days ago because we're in a market where, although it might take a little longer, I will be able to get the price that they desire. Coming into the summer selling season, he who has the largest listing inventory is going to win big!
Keep an eye out for future videos, where I will discuss how you can increase your listing inventory! Thanks for tuning in, and I look forward to hearing from you soon!
