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Is this Fall Still a Sellers’ Market?
From the home sales analysts at Pulsenomics comes the latest findings on how home sellers are likely to fare if they decide to list their properties this autumn. Our Costa Mesa market is only one data point in national surveys like this one—but Pulsenomics has a history of accurately zeroing in on the direction of real estate activity. For Costa Mesa homeowners who are exploring selling their house anytime within the next few years, that’s worth checking out.
The major points covered in their most recent release:
• Home value appreciation has improved in 2018 over 2017, with a predicted growth by year’s end of just shy of 6%. Since that’s the bottom line demonstration of the continuing investment value of owning your own home, it keeps home sellers in the power position in negotiations.
• The speed of that same appreciation has begun to slow in more than half of the nation’s metropolitan markets—suggesting that the days when sellers hold the upper hand may be numbered. • Appreciation in home values remains above the historical average.
• Inventories at the most affordable price points continue to lag—another factor which encourages selling. The report is a compilation of the opinions of more than 100 real ... more
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