Increasing Prices & Sales Fueled By Low Inventory Two metrics have proven to be the most reliable data points for local real estate market trends: Month’s Supply of Inventory — the available listing supply compared to the monthly rate of sales Percent of Inventory — calculated by dividing the number of pending sales by the […]
Will Fall Be a Seller’s Market? In a recent HousingWire article, Fannie Mae’s chief economist stated “the wild card will be whether enough sellers enter the market to continue to meet the strong home-buying demand.” From a micro-economic standpoint, I’m seeing homes that show well and that are strategically priced are moving relatively quickly even […]
Have a little one who loves to color? To help celebrate Halloween, Sereno Group is hosting a Coloring Contest. Tag @serenogroup on Instagram for a chance to be featured. Be sure to include your first name and city! Boo-tiful Coloring Options Click on your favorite picture to download and print.
Optimistic Outlook for Real Estate At the national level, quarterly home prices increased again in Q2/2020. The National Association of Realtors reported that 96% of U.S. markets showed home price appreciation, with the national median prices rising 4.2% year over year. In general, real estate in the SF Bay Area has shown resilience despite Covid-19 […]
Signs of Optimism At the end of July, MLSListings reported there were signs of optimism for real estate. After sheltering in place for months, there’s an uptick in demand. That demand is fueled by: Renters needing more space and wanting to avoid shared community spaces like elevators or green open spaces Homeowners who are tired […]