Inventory & Rate Remain Very Low Through August and Into September!

Real Estate

Back in late July, I reported that inventory levels remained at historic low levels. These were numbers that we are used to seeing during the holiday months of November and December. Fast forward to today and if you can believe it, the inventory is even lower now! I have been also hearing from my lender friends that the rates are ranging from 3% to 3.5% of course depending on many variables.

Buyers have been able to pay more for homes and still stay within their monthly budget due to the very low-interest rates. I am still seeing multiple offers along with very low days on market for listed homes. The importance of home preparation along with presentation has never been more important. This has been my advice to my sellers for over twenty years however I am putting an extra emphasis on this now. Curious as to why? Give me a call, email or text and I’d be happy to discuss this and any other questions you may have.

Here are the numbers from late July and the numbers as of 9/6/20 for the detached home inventory;

                                    Sept. 6th         July                 Change

  • Danville –        53                    83                    -30          (not including Blackhawk)
  • Dublin –           25                    34                    -9
  • Livermore –     42                    50                    -8
  • Pleasanton –   46                    54                    -8
  • San Ramon –   30                    40                    -10

This is a very HOT Sellers’ market, so if you or someone you know is thinking about selling now is a great time. Feel free to call, text, or email me to discuss. We hope this finds you happy, healthy, and safe. 

Please feel free to call me or email me with any questions, just to chat about the market or find out how my team and I can help you achieve your real estate goals!
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Cell 925.876.3756 email

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