April 2023 Market Update

David Kim May 1, 2023

The Market Continues to Recover, But with Many Dynamics at Play

March inflation figures were released Wednesday, April 12th: The overall inflation rate saw a significant drop from 6% to 5%.

Rates have been volatile for 5 weeks but ticked down again since the March inflation data came out this month.

Stock markets initially appeared unenthusiastic about the new inflation figures: The Dow, S&P, and Nasdaq all saw small declines Wednesday. But as of late Thursday, they made up for those declines and ticked back up into positive territory. Of course, inputs from a wide variety of data are constantly affecting financial markets.

What we're currently seeing:

Still a strong market with many buyers including cash buyers
About 80% of current transactions are non-contingent
More listings coming on the market for the last couple of weeks after the spring break

What does this mean for you?

It is still a good market for sellers if you are planning on selling or moving soon.

If you plan on making a move this year or next, let's get together to discuss your scenario and strategize for your next move. Reach out to us at (650) 988-5114.

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What We’ve Been Up to

FOR SALE | 12161 Hilltop Drive

Los Altos Hills

5 Bed | 4.5 Bath

COMING SOON | 1720 Havenhurst Drive

Los Altos

3 Bed | 2.5 Bath

SOLD | 202 South St, #8

Sausalito

1 Bed | 1 Bath

SOLD | 500 Preston Drive

Mountain View

3 Bed | 2.5 Bath

Questions? Contact us

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