Buyers Update: No Signs Of A Slowing Market
One question we answer often when talking to our buyer clients – is this housing bubble ready to burst?
We don’t think so!
The Bay Area added more than 13,000 jobs in April, the highest job growth month in 4 years. With limited opportunities to build new homes here on Peninsula and the economy blooming the demand side of supply/demand equation will remain very strong.
And this shows in the market – the median home price increased by more that 17 percent from the beginning of the year. May price ended up just 3 percent below the previous peak we reached exactly a year ago.
With these changes in the market, we'd love to have a conversation with you about your real estate needs! We're always here.
Elena & Michael Talis