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The Housing Market Where You Are

Our most recent monthly housing market recap showed that for the fourth consecutive month, housing sales remain on the decline. Certain factors help perpetuate this current state. New construction has fallen behind current demand, and resale inventory is at an 18-year low. While a bird’s eye view of the real estate market is always helpful,…

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July 27, 2018

June 2018 Housing Market Recap: Sales Continue To Trend Downward

June existing home sales dropped, continuing a decline that began in April and carried through May. If three months constitutes a trend, then we are seeing a definite sales slowdown, but all is not equal across the country.  More on that later.  Prices increased again, as they have for over 6 years.  The pace of…

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July 25, 2018

May Housing Market Recap: Sales Slide Again

May existing home sales dropped again, following a decline that began in April. Is this the start of a trend?  The coming months will tell.  Prices increased again, as they have for over 6 years.  The pace of sales was the same as April, with days on the market well below 30.  The median existing…

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June 21, 2018

April 2018 Housing Market Recap: A Sales Slowdown

April existing home sales dropped after 2 months of increases. Prices increased yet again, following a trend that has lasted more than 6 years.  The pace of sales jumped, with days on the market dropping sharply.  Regionally, sales either declined or were flat, however prices increased in all regions.  The driving force in this market…

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May 25, 2018

March 2018 Housing Market Recap: Sales Grow for Second Month

March existing home sales continued to rise after February’s increase. Prices increased yet again, following a trend that has lasted for 6 years.  The pace of sales picked up, with days on the market dropping sharply.  There were regional differences in sales, but prices increased across the country.  Lack of inventory continues to be the…

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April 24, 2018

February 2018 Housing Market Recap: Sales On The Rise

February existing home sales rose after a two-month slide. Prices continued to rise, too.  Sales moved very quickly, with days on the market dropping again.  All was not equal across the country, however, with bad weather in the Northeast and Midwest influencing the market.  Sales in those regions may suffer another decline after March storms,…

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March 22, 2018

January 2018 Housing Market Recap: Sales Fall For A Second Month

January existing home sales followed the downward slide that began in December with the biggest annual drop in more than three years. At the same time, prices continued their march upward.  Days on the market were up slightly, but were still lower than they were a year ago.  Is there an end in sight to…

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February 23, 2018

December 2017 Housing Market: Monthly Sales Down But 2017 Growth Best Since 2006

December existing home sales fell compared to November, but the news for 2017 as a whole was positive. Sales grew to a level not seen since 2006, in spite of the continuing drop in inventory and corresponding increase in prices.  Days on the market mirrored the previous month, but were lower than they were a…

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January 26, 2018

November Housing Market: Sales Near 11 Year High

November existing home sales jumped to a level not seen since December 2006, despite the continued lack of inventory. Given the increase in sales and the low supply, it’s not surprising that median prices continued to rise, extending the streak of year-over-year price increases.  Homes stayed on the market slightly longer than in October, but…

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December 22, 2017

October Housing Market: A Slight Uptick In Sales

The current housing market serves as a classic illustration of the law of supply and demand. At this time, demand outstrips supply and prices increase as a result.  The good news is that there were more sales in October compared to the previous month, but that’s tempered by the fact that there were fewer sales…

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November 28, 2017
I am grateful for First Choice. They are a great team and a Godsend. The whole process was streamlined. I'm already looking for friends and family to refer to First Choice... My family is fortunate to have the team that made our dream come true. -Napoleon G. | Wrightwood, CA | 08.29.2017
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