The past year managed to be a not-so-great year for both buyers AND sellers. Prices in 2023 softened throughout the Bay Area (sellers did not love that), but the higher interest rates kept housing out of reach for many buyers. Already in January of 2024 the market is looking up with improved interest rates, and an expectation signaled by the fed that rates could drop further.
Prices are holding for now giving buyers a chance to jump into the market in the early spring. The best deals can be found on properties that either need a little work or have been on the market for a while and for one reason or another have been overlooked.
If you have questions about your property value, give me a call.
