The statistics reflected in the California Real Estate Market numbers for July show a very hot market. Inventory is a 1/3 less than a year ago, and the existing home sales are substantially higher because the interest rates are lower than a year ago, pushing up the affordability index. If there were more available inventory, the number of sales would be much higher. Definitely a seller’s market. A well-priced home will typically get multiple offers.
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me
Ron Henderson GRI, RECS, CIAS
President/Broker
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals (2017-2018)
Chairman – OutWest Marketing Meeting (Real Estate Education)
BRE #00905793 NMLS #310358
www.mres.com
ronh@mres.com
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth
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