With Lamorinda’s inventory down 84% in Q1, supply and demand are off-balance! Despite everything happening in the world, April and May are historically the busiest times of the year in terms of Lamorinda home sales. We are headed into our high season in real estate with many more buyers than sellers. This drives buyer competition and increases sales prices for sellers.  

Our team represents an even mix of buyers and sellers, and we have seen a rapid market shift in the last few weeks. More houses are currently pending in Lamorinda than sold in all of Q1! This is a strong signal that the bottom of our market did pass in December and January. 

If you are a buyer and on the sidelines with hope as a strategy, hope is not a strategy when it comes to real estate. Sellers are rate-locked, inventory is low, and prices are increasing. In fact, we just went into contract on a house that previously sold at the height of the market. Today, it is selling within 7% of the market top. And, if you find a house in a popular pocket of town that hasn’t had a listing in a long time, competition will likely drive the price very close to top-of-market. Don’t wait for lower prices or a better lending environment if you see a house that meets your needs. It may be quite a while before another house in that neighborhood comes to market again. 

If you are a home seller on the fence and waiting for that perfect moment to sell, you need to start preparations now! Call us to align and strategize the next steps. We have an award-winning team behind us to move quickly and support you. Take advantage of this ideal window of time. Don’t put your life on hold waiting to hit the top or bottom of the market. Life is short and much better when lived!