The Real Estate Market Trends

THE REAL ESTATE MARKET TRENDS IN REAL TIME!

February 26, 2024

This Week from Mike Simonson, Altos Research.

Price Reductions ticked up!

Happy Monday, and welcome to Barsam & Associates.

If you're new to Barsam, this is our weekly real estate market update from Altos, where we share the latest market stats and recent podcast episodes, as well as other news.

Price reductions ticked up this week for the first time since November in the face of rising mortgage rates. Inventory is rising across the country as home buying affordability takes another hit. The pace of sales inched down too. We can see exactly the impact of higher mortgage rates slowing home buyer demand. As demand slows, inventory grows.

KEEPING OUR CLIENTS INFORMED

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Claremont 91711

Claremont 91711

Glendora 91740

Glendora 91741

San Dimas 91773

North Upland 91784

Cathedral City 92234

Irvine 92612

Laguna Beach 92651

Newport Coast 92657

Newport Beach 92663

San Clemente 92673

La Verne 91750

Apple Valley 92308

We work hard to keep our clients informed about the market while they’re buying or selling their home. These weekly reports use real-time data so our clients can make decisions based on what’s happening in the market right now and how the market is changing week by week.

A few questions these reports can help you answer:

 

Is now a good time to buy or sell?

Check the “Market Action Index” to see if the market is heating up or cooling down.

 

How’s the market in my price range?

Click into the “Market Segments” charts to see the how the market is behaving in different price ranges.

 

What can I get in my price range, and where should I look?

Use the “Median List Price” charts to see what you can buy in your price range, and search by zip code to compare different neighborhoods.

Feel free to share this report with your friends and family, and please let us know if you have any questions about the market or if we can help you in any way.

 

For all of your real estate needs, we can be reached at 877-522-7726 or by email: Team@barsaminc.com