Is Still A Good Time To Sell Your Bay Area Home? May 2023 Housing Market Update

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Buyers: https://bit.ly/3L8SyRf
Sellers: https://bit.ly/438h5MS

Here are three reasons why NOW is still a good time to sell a home in the Bay Area:

First, the number of homes available for sale is at historically low levels. This year, there were 35% fewer listings compared to last year. If you put your home on the market, you will face less competition than at any time this century.

Second, prices are on the rise again and getting close to all-time highs. So far this year, the Bay Area median home sale price has grown by 16% since hitting the market bottom in December 2022. Prices are only 7% below the peak level reached in April of last year.

Third, buyer demand remains strong. Rising home prices and an accelerating pace of sales are testaments to that. The median time to sell a home dropped to just nine days, roughly the pace of sales we had in 2021 when mortgage interest rates hovered around 3%.

Michael Talis:
Call/text: (650) 766-6100
Web: https://bit.ly/3WUrGqv
Email: https://bit.ly/3Hscr2d
Coldwell Banker Realty
CALDRE: 01883499