The first few months of 2019 have been busy. Single family residential sales increased year-over-year by a substantial 25% while months of inventory sits at a lowly 2.64. ­ This means if nothing else were listed, it would take 2.64 months for everything to sell. Anything below three months is considered a seller’s market where prices trend upwards. ­The average sale price increased by 2.8% to $562,600 while the amount of time it takes to sell a home dropped from 51 days to 44.

Multiple O­ffers

This is a scenario becoming far more common as competition heats up on the Peninsula. You need to be fully utilizing your REALTOR®; ask to receive automatic notifications when homes that fit your criteria are listed. ­ The best properties are selling in hours…

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