The Real Estate Market Trends

THE REAL ESTATE MARKET TRENDS IN REAL TIME!

May 28, 2024

This Week from Mike Simonson, Altos Research.

Inventory climbing!

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.

There are more homes on the market now than any time since August of 2020. We’ll probably peak at around 700,000 this summer and cross over 2020 at that point.

New listings also climbed for the week. 72,000 single family homes are newly on the market. I thought we might be on the decline already with the new listings volume, but that pace picked up a tad this week, which is encouraging to me. I like signals of more sellers. More people coming off the sidelines is healthier for this market.

Watch this week's Altos update for the latest on inventory, pricing and more.

KEEPING OUR CLIENTS INFORMED

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Claremont 91711

Glendora 91740

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La Verne 91750

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Irvine 92612

Laguna Beach 92651

Newport Coast 92657

Newport Beach 92663

San Clemente 92673

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