It's a Buyer's Market but Sellers don't know it yet!

By
Real Estate Agent with Summit Real Estate Group BRE# 01215778

Friends, Family & Clients,

Rising Interest Rates have adversely affected housing values.  Home Showings have come to an abrupt stop.  Price Reductions as well as cancelled listings have steadily increased over the past six weeks.  However, sellers continue to make the tragic mistake of listing their homes as though it is still a seller's market.  There have been two major interest rate hikes and another that is forecast for the upcoming Fed meeting.  A homeowner wishing to sell at this time needs a reliable Realtor that knows the best price to list their home. Call us at 661-510-7975 to discuss the value of your house and learn our suggested list price.

Free Market Evaluation

ls it just me or has this Summer flown by too fast?  Believe it or not Labor Day Weekend begins two weeks from this Friday.  Take a look at all of the upcoming Events and Things to do this year over the Labor Day Weekend.  This is the last fling.  Next Stop is Halloween and then the Holidays Begin.

Find an Event on Labor Day Weekend 2022

Summit Real Estate Group was formed by Tony & Dani Lewis and Paul and Tracy Dinkel in January of 2020.  Paul & Tony worked together at a RE/MAX Brokerage and joined forces after Paul moved to Aliso Viejo.  Paul worked in many of the New Homes Projects while learning the Orange County Beach communities, Aliso Viejo and other OC locations since July of 2016.  Both Tony & Paul are members of the RE/MAX Hall of Fame and were consistently among the top 1% of all Realtors in the USA.  Our company and us individually pride ourselves for putting the best interest of our clients above all other considerations.  We have a combined sales of over 1,000 properties and over 50 years of combined experience.  Your best interest will always be served when you choose to work with us at Summit Real Estate Group.  Call Tony at 661-510-7975 with an office in Valencia California.  Call Paul at 661-510-3042 with an office in Aliso Viejo.  No one cares about serving your best interest as much as us.

Presented by your Friends & Realtor, Tony & Dani Lewis Summit Real Estate Group.

Comments (4)

Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Our market here in Elk Grove has changed in the same way too.  Hope you are doing well!

Aug 19, 2022 11:13 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It's by no means a buyer's market in my area. We still have less than 1.5 months of inventory and homes have been selling at 100.3% of list price. We might have fewer sales and more inventory and sellers need to understand this, but we are still very much in seller market territory and also still seeing bidding wars in certain neighborhoods.

Aug 20, 2022 05:41 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Tony, I would not call our market a buyer's market, but more of a balanced market.  We are not to 180 days on market, no where near that.

Aug 20, 2022 07:40 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Hi,

Enjoyed your blog page, and I added you as a friend. I would love the follow back. Using your great Blog here for our Daily Re0Blog. Thanks Bill

Aug 20, 2022 01:17 PM