Spring has officially arrived, and so has one of the most active seasons in real estate. Historically, April kicks off a surge in both listings and buyer activity—and this year is no different.
Here’s a quick look at what’s happening in the market right now:
📊 Home Prices
Prices are holding steady in many California markets, with some areas seeing modest increases due to continued demand and low inventory. Well-priced, move-in-ready homes are still drawing strong interest—and in some cases, multiple offers.
🏘️ Inventory
Inventory is gradually increasing as more homeowners prepare to list this spring, but it’s still below pre-pandemic levels in many regions. This means competition remains strong for desirable properties, especially in popular neighborhoods and price ranges.
💰 Interest Rates
Mortgage interest rates have been fluctuating but remain a key factor for both buyers and sellers. While they’re higher than the ultra-low rates of a few years ago, some buyers are re-entering the market with the hope of refinancing down the line. For sellers, realistic pricing is crucial to attract qualified buyers navigating these rate conditions.
What This Means for You
Buyers: Be prepared to act quickly, especially on competitively priced homes. Have your pre-approval ready and work with a knowledgeable agent to navigate the market.
Sellers: This is a great time to list, especially if your home is move-in ready and well-maintained. First impressions matter—consider small updates or staging to help your property stand out.
If you’re curious about how these trends affect your plans—or want personalized insights into your neighborhood—let’s talk!