No April Fool!

The Bay Area real estate market leapt into Spring with brief moments of white hot competition, rays of sunshine, a dash more rain than expected and all of this seems to have dampened the momentum built by a lack of inventory through February to March 2024.

When I reviewed the weekly statistics for San Francisco, the data revealed that about 50% of the new listings that came online went under contract in last 2-weeks(!)...This pent up demand shows incredible confidence in our local economy, and also resulted in fierce competition for homes where you can move-in, throw down the keys and simply go to the movies. 60% of the Single family homes under contract sold in less than 12-days on market.

In Marin, 25% of the Active inventory available has only just launched this past week! I cannot overstate how tight the market was (past tense)...As we enter Q2, the traditional spring selling season, it seems that buyers will have more choices.

Don't be no April's Fool!

Whether right-sizing or investing, get prepared in advance. This is the type of market where you need a highly skilled advisor by your side.