Spring Forward Housing Market

Housing Market Springs Forward by San Ramon Realtor Jason Kerner

Housing Market Springs Forward

By Jason Kerner, San Ramon Realtor

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to the tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.  Windemere, Gale Ranch, Bridges and other parts of San Ramon are experiencing this shortage of inventory.  To search available homes, download my app at http://app.nexthome.com/Kewu

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.
Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with the recent increase in rates, buyers are still able to lock in an affordable monthly payment. Many more buyers are jumping off the fence and into the market to secure a lower rate.  To find out what your home is worth, let my 16 years of experience help you figure out the most comparable value.  Or, you may use my home valuation calculator at http://kernerhomes.smarthomeprice.com/

The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2017 all fell in April, May, or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line
If you are planning on selling your home in 2018, let’s get together to evaluate the opportunities in our market.  Call me for more specific information regarding your home needs at 925-400-7007.  Make it a great day!