The Dana Green Team represents an even mix of buyers and sellers, which allows us to experience the market from the vantage point of the buyer and the seller. Here’s a real-time update of what we see in the trenches of beautiful Lamorinda (no, we are not talking about the verdant green hills or tulip trees exploding all over town).

Buyers are back! The activity we are seeing with our buyers has been consistent and strong for several weeks in a row, and this appears to be the consensus with other top Realtors around the Bay Area. However, buyers are already frustrated as competition for good listings in popular locations has skyrocketed. In fact, yesterday, there were 15 offers on a house priced at $1,895,000 located in the Downtown Trail Neighborhood of Lafayette. 

It’s a Seller’s Market (Advantage Sellers) Under $4M! Our sellers are beginning to understand that it is a seller’s market for properties under $4M dollars, and they are rushing to get their houses to market. However, they are still reticent to sell at prices below the April/May 2022 peak of the market and give up their phenomenal interest rates. 

Inventory remains tight, and good inventory is going into contract quickly. Buyers, you need to move quickly when you learn about a property that meets your needs. Some properties have offer dates, and others do not. And some properties with offer dates are still taking early offers. There is no road map. Lean on our team, our experience, and our long-standing agent relationships to guide you. 

Interest rates and inflation have passed the peak, and most prices have adjusted to align with affordability.

Our Advice to you… If you want to buy or sell, we believe it is a good time to do both. In fact, as consumer confidence increases, it will get more competitive to purchase a home. And, when rates do improve, we believe things will surge. 

If you are a seller, the "early bird will get the worm!" Many sellers are on the sidelines, just waiting to learn if buyers are back. Real estate is always about supply and demand. Right now, low supply is pushing our market up. This can change quickly.  

Bottom line, if you are on the sidelines, why are you still there? Given our business level, we see what is happening before it is reflected in the stats. Being market makers and leaders allows us to give you a head start, which can be a big gift in real estate. Ask any of our sellers last year who sprinted when we said “sprint to market” - those who dropped everything and trusted us are still smiling. 

We’ve got this and look forward to seeing all of you smile, too!