Is it Spring Yet

Dated: April 7 2013

Views: 1101

You would never know we are two weeks into Spring. Inventory is picking up slightly but not at previous levels seen in the bay area. We are going to ease into an inventory pick up but we won't see anything notable this year. Next Spring we will see more volume but as we continue to come out of the housing recovery we will start to see property prices rise and equity increase. This in turn will create more activity with move up and downsizing transactions. The inventory will come back but it won't happen overnight. Patience is key if you are a buyer. It is easy to get fatigued when there is one home available for every ten buyers. There are no firm statistics on that but from our view, that ratio appears to be the demand on nearly every listing. Keller Williams Realty EastBayPro Team's Spring update on this link: http://www.homeinsight.com/Newsletter/East_Bay_Real_Estate/FVWULwlQ3U2jsA7mVv6E6A$

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