Housing Market Sinking
Hyperactive buyers have been driving up home prices for homes that are in good condition and have been selling at a record pace. The housing market is still far from normal as the inventory of homes available to buyers is at historic lows. The low inventory and low-interest rates are proving to be home price accelerants.
The latest market trends point to a shift in activity. We may have passed the peak for this hot market. According to Realtor.com the decline in time on the market has slowed for the first time in months, indicating that some properties are sitting on the market longer and may be pointing to a positive development for buyers. Time will tell.
(Floating House Image from Pixabay)
More Real Estate News You Can Use
KEY POINTS
Santa Barbara's real estate market in early 2025 has shown resilience, but signs of softening…
President Trump's new tariffs are expected to significantly affect the real estate market. Here's a…
March 19, 2025: Home sales are down in California, and prices are rising, with a…
Southern Santa Barbara, stretching from Carpinteria to Gaviota, offers a unique blend of coastal charm…
The southern Santa Barbara's real estate market offers a fascinating glimpse into the dynamic interplay…
In 2024 the southern Santa Barbara real estate market saw a 16% increase in inventory.…