February Market Update

As we predicted in our last video, the real estate market has been heating up since January, with many homes selling at multiple offers.

What we're currently seeing

Interest rates started to pick up again since mid-Feb
Stock market is volatile
Slightly more inventory coming but still very low overall
Single-family homes are getting multiple offers and selling over 10-15% over from the bottomed price (last Nov/Dec)

What does this mean for you?

We expect more inventory to enter the market as sellers who had held off on selling their homes last year are more inclined to put their homes on the market now. We are seeing buyers trying to jump into the market before the rate goes up again, and that has brought the housing prices up for the last couple of months. Since we are still uncertain of the status of inflation, we aren't sure how the Fed will react to this housing cost going up again. If the Fed raises the rates, we believe it is not a bad idea to buy now and sell afterward. We also can help get "buy first and sell after" programs for move-up buyers.

If you plan on making a move this year or next, let’s get together to discuss your scenario and discuss how to strategize for your next move. Reach out to us today at (650) 988-5114 if you'd like to strategize a game plan for 2023.

Flipbook Reports by County

What We’ve Been Up to

3 Beds | 3 Baths | 1,218 SQFT

3 Beds | 2 Baths | 1,605 SQFT

PENDING WITH MULTIPLE OFFERS - 202 SOUTH ST, #8
1 Bed | 1 Bath | 884 SQFT

Upcoming local events

Paly Theatre presents Mamma Mia!

March 3, 4 & 18 at 7:30 pm and March 5 & 19 at 2 pm

Come enjoy this mega-hit, high-energy musical based on the songs of Swedish band ABBA, featuring 100 Paly students in the cast, crew and band!

Get tickets at palytheatre.com/tickets or at the Box Office before performances.

[FREE Event] Get Ready for Senior Year! Insights to Your College Admissions Success

Tues, March 7 from 6:00 pm-7:00 pm

Are you an 11th grader or a parent and feeling overwhelmed by the college admissions process? Don’t worry, we’ve got you covered! Join us on March 7 and learn from Insight’s 24 years of college admissions expertise. Our counselor will give you an overview of what to expect in senior year, how to balance your load, and how to stay on track.

Location: Online via Zoom

Grab your FREE TICKETS here!