Housing inventory rises to the highest level since 2020

Описание: Current Real Estate Market Trends: April 2023 Inventory Surge and Price Changes

In this episode, we discuss the noticeable increase in housing inventory, with almost 400,000 homes added to the market in the last month—the highest since 2020. We observe regional variations in inventory and how the overall rise is leading to longer market times, especially in areas like the Bay Area. Economic uncertainties and tariff questions are causing buyer hesitancy. While some cities, like Miami and Tampa, see slight home price decreases, others like Silicon Valley remain stable due to high demand. We highlight notable homes on the market in Cupertino and Willow Glen, discuss luxury properties, and provide insights into current market data and trends. Finally, we emphasize the importance of preparing homes for inspection and note recent shifts in average home prices and monthly inventory figures.

Housing inventory rises to the highest level since 2020:
Cupertino Home of the Week
Willow Glen Home of the Week
Luxury Home of the week
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00:00 Introduction: Rising Inventory Levels
00:38 Regional Market Insights
00:48 Bay Area Housing Trends
01:07 Economic Uncertainty and Buyer Hesitation
01:47 Home Prices and Market Dynamics
04:18 Luxury Home of the Week: Belvedere Ave
05:24 Market Summary and Final Thoughts