Is the market slowing down? As of the summer of 2021, you bet it is. But that’s natural.
The last six months since the beginning of 2021 have been bananas. There’s so much pent-up demand and not enough inventory and buyers who have been beaten out multiple times are paying whatever it takes just to get a home.
We are still very much in a sellers market. The difference between now and say March is that a lot of buyers are gone for the summer or have just quit the process and are now waiting for the market to level off.
As far as whether it will come down who knows? We guess is that it may not come down for quite some time. If anything it’ll just get a little bit neutral. And that’s where we like it. When we can find willing buyers and motivated sellers and the process is more fair to everyone, especially buyers.
See a list of the 5 top housing markets in California this past year HERE