Welcome to the June 2019 SoCal Real Estate market update!
This update will provide you with current market conditions so you can be more knowledgeable about the market regardless if you plan on buying or selling a home in SoCal.
Fantastic Interest Rates Have Created Opportunity
Given the fact that interest rates have come down quite substantially in the last 2 to 2 ½ months, and we are in prime selling season right now, buyers who were waiting on the fence for rates to drop have entered the Real Estate market and this has created a lot of activity.
As of June, we have had many listings only sit on the market for 24-48 hours before receiving multiple offers. Some listings have also sat on the market for a couple of weeks, but that’s generally because those listings were not priced right or ready to be shown.
Now Is the Perfect Time to Buy or Sell A Home in SoCal
If you’re thinking about buying a home, rates are fantastic and sellers are out there. This Real Estate market is different compared to the market of a few years ago when some homes were overpriced.
The last 6-9 months have changed the perspectives of many sellers, we’ve seen them come to an understanding of what the market is today, and they are pricing their homes correctly, showing them right, and are getting them sold.
Now is also a great time to sell a home in SoCal, get top dollar for your home, and transition to your next move.
Are you not planning on buying a home in SoCal or selling your primary residence? You may want to think about refinancing your current mortgage loan so that you can get a lower mortgage interest rate and have a monthly payment that’s lower than what you are paying right now.
Contact the Fred Sed Group
Do you have questions regarding the SoCal Real Estate market? If we can assist you in any way, contact us today by calling (800) 921-9231 or connect with us online.