LESS AND LESS HOMES ARE HITTING THE MARKET!  WHAT THIS MEANS FOR YOU…

This graph shows the last 4 years of property inventory as it enters and exits the market in South East Los Angeles County.  Last month 490 (BLUE SECTION) homes SOLD but only 850 (ORANGE SECTION) listings entered the market.  The orange section of the graph shows how many active listings entered the market in that particular month.  Notice the far-right section of the graph.  It is much lower than all prior months and clearly shows that at the end of 2017 less home owners decided to put their homes up for sale.

So how does this affect the market?  Well, in Southern California there is a housing shortage. There are more buyers out there than there are sellers wanting to put their homes up for sale and this creates a very low supply of available homes.  When our sellers price their homes appropriately, we are seeing offers come in much higher than asking price and that’s because buyers are willing to pay top dollar for a property in order to secure their position in being a home owner.  Both buyers and sellers are making out in this market.  Interest rates are still extremely low currently hovering around the 4.0% mark according to bankrate.com.  We’d love to serve you this year in getting top dollar for your home in this great sellers’ market!