The Almaden Valley real estate market continues the holding pattern it’s been experiencing over the past several weeks. The number of available single family homes dropped from 65 last week to 64 this week, while the percentage of listings under contract remained at 46%.
If last year’s pattern repeats this year, inventory will peak in the June / July timeframe and gradually drop until the holiday season is over. Buyers, many disappointed by the low inventory of available homes, are still eager to take advantage of the low interest rates.
This is a great time to sell, as buyers often snap up homes within days of being put on the market. If you would like to take advantage of this seller’s market, give me a call and let’s talk!