San Fernando Valley Market Update
February 19,2020 | Posted By Julian Munoz in Los Angeles Real Estate Market
2020 Looking Good
Interest rates slightly dipped for January and appears that it will continue for the short term. The low rates continues to support the high prices in the market and properties are highly contested when priced appropriately. Many quality homes are getting multiple offers if priced slightly below market, a strategy that can drive the price up to market or above if done correctly. Depending on the market you are in the San Fernando Valley, we are experiencing 2%-10% increase over last year, much better than expected for the month of January. More than likely it will level out as we get closer to the traditional buying season in as more houses hit the market and inventory rises. We will just have to wait and see how it all comes out, as long as no major disruption to the economy and consumer confidence in the months to come pricing will continue to firm up.
#SanFernandoRealEstate #January2020housingprices
No Post Found