Buying Market Trends Selling

Buyers Spring Into Action

Happy Buyers in Orange CountyIn Spring, buyers here in Southern California normally pick up the pace, and it is no different this year. Activity is up while inventory remains relatively low. Buyers are still being cautious about over-paying, but they are also cautious of missing out on a good home and on low interest rates.

At the last quarter of 2012, inventory was at its lowest, and buyer activity began a frenzied pace, driving up home prices through just about all of 2013. I don’t foresee dramatic price increases, but I do see a slight seller’s market continue through most of this year.

Sellers need to make sure they do not overprice their homes, and buyers need to be aware that it is, after all, still a seller’s market, and choice homes will sell quickly. Not a bad arrangement for all parties.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s