174: June Market Trends: Are We Heading Towards a Balanced Market?
Let’s dive into our June Market Trends
Key Points:
Inventory Levels: LA County currently has 2.78 months of inventory, a significant increase from less than 30 days just 80 days ago, reflecting a 24% rise over the past year. In San Dimas, we see similar trends.
Market Balance: A balanced market is defined by 6 months of inventory, and we are halfway there, indicating a shift towards market stability.
Advice for Sellers: Now is an opportune time to list your home. With the right pricing strategy, you’re likely to sell at list price, potentially with a little extra.
Advice for Buyers: While deals are scarce, you can still secure a home at fair market value. Interest rates remain out of our control, but owning a home remains a sound investment.
Future Outlook (2040): The lack of housing for both families and the older generation, particularly in assisted living, highlights the continued need for real estate. Home values are expected to keep rising due to this demand.
Planning Tip: Lori Alvarez emphasizes the importance of planning—use a calendar to strategize your real estate decisions effectively.
Long-term Strategy: Despite market fluctuations, real estate is a stable investment. As families navigate how to purchase homes, the value of owning property continues to grow. Life is ever-changing, but everyone needs a home, whether owned or rented.
For more practical advice, refer back to Episode 45, where we cover the steps to buying your first home. Tune in to make the most of these insights and plan your real estate journey effectively.
Tune in now to hear more!
listen to the full episode
on your favorite podcast streamer below.
-> Apple
-> Spotify
______________________________________________________________________
Extra Real Estate with Soul Links you can’t miss!
Are you SUBSCRIBED to our YouTube Channel?
Subscribe at https://www.youtube.com/c/LoriAlvarez and tell us you did by messaging us on our
Felt inspired by this episode? Let us know! We'd love to hear from you by leaving our Podcast a review. And you just might get a special shout-out on the podcast! Thanks for choosing to spend your time with us!
Want more behind the scenes?
Like our Real Estate With Soul, The Podcast Page on Facebook
Disclaimer: Please verify all information with the licensed professional of your choice.