Goodbye Summer, Hello Autumn!

If you’re like me, you are ready for some cooler weather, and a cooling of interest rates would be a nice bonus as we step into September and prepare for the fall real estate market.

What market conditions can we expect? September and October usually bring an uptick in both listings and sales, as people return to their regular routines after summer vacations. If there is an interest rate cut, I expect many sidelined buyers will restart their home search. This could be a good fall for both buyers and sellers.

Although Palos Verdes’ single-family inventory is up, the absorption rate is strong, and the overall market still favors sellers. The days of multiple offers may be in the past, but more than 350 homes in Palos Verdes have sold year-to-date.

 

There are currently 194 PV single-family homes for sale (as of late August), with 59 in escrow with accepted offers. 

Is it time for you to begin thinking about a new home for the holidays? Whether selling or buying, I would be honored to help you achieve your real estate goals. Your business is always appreciated.

 

 

Norma Toering, Broker/Owner

310.493.8333  Text or Call

DRE: 01147470

609 Deep Valley Drive, 200

Rolling Hills Estates, CA  90274