The Real Estate Market Update, May 2018

Market Trends

 

We are quickly moving through the 2nd quarter of the year and it looks like things are going quite well. If you are thinking of putting your home on the market, now is the time because there are more buyers than sellers at this time. Overall, we still have low inventory: 10 of the 18 cities I track have under 2 months of inventory, 4 of them have 2 months, Norco has 4 months, and Diamond Bar has a whopping 6 months of inventory. 17 of the tracked cities have increased prices compared to April of 2017, with increases ranging from 3-15%.

So what does this mean to you?

If you are planning on keeping your home, which is most likely your most valuable asset (not to mention, a forced savings) it will continuing to rise in value.

If you are thinking of selling, you may be realizing that it is time to CALL ME so we can sit down and create a plan that will work for you. We can figuring out where you want to move to, if you need to down size or go larger, what your current home could sell for, and what your mortgage payments could look like on your new home. Most of all, we’ll review everything and see if it’s the right choice for you and your family.

Call me for your FREE consultation on your Real Estate Plans. You should always make your biggest decisions with knowledge, and I'm here to help you with your questions! Talk to you soon!

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