What do these numbers mean and how do they affect you?! Let me explain 🙂

An increase in the inventory and a slight drop in demand (due to an increase in interest rates, which has decreased affordability for some buyers), the OVERALL Expected Market Time (the number of days to sell all Los Angeles County listings at the current buying pace), has increased in the past couple of weeks.

🥵 It is still a Hot Seller’s Market in most price ranges (less than 60 days), but it is cooling down because of the factors described above.

So how does this affect you?

Well, if you are a buyer, expect a little more breathing room and a little less competition as inventory slightly increases. 😮‍💨

As a seller, it is more crucial than ever to price your property properly as the market is no longer poised to absorb overpriced inventory‼️

📧 If you have questions for me, please feel free to reach out! leah@leahguerrahomes.com