Home buyers are back!
After a quiet spell that started right after last Fall's stock crash, buyers are now acting on the positives of lower prices, lower interest rates and tax credits (such as the 1st time buyer credit). The result is an increase in sales of existing homes for the last two months. Savvy sellers who are positioning their prices for the market are the beneficiaries as they go to closing and protect valuable appreciation. Conversely, those sellers who have last year's price points in mind are seeing their homes get stale as they sit on the market.
Not surprisingly, inventory has picked up dramatically since Labor Day. You may hear national -- or even Bay Area -- statistics about what is happening in real estate; but regardless of you being a buyer, seller or a market watcher, our San Francisco market plays to its own drum.
As your local real estate market expert, I can assist you or anyone you know in analyzing the market and more importantly, provide understanding and insight to guide a buyer or seller to fulfill their real estate needs.