Happy St. Patrick’s Day! Whether you’re hunting for a new home or just a pint of Guinness, March is sure to bring lots of luck! As we move into the heart of the spring selling season, traditionally the busiest time of year for real estate, the market is beginning to pick up both locally and nationally. Many sellers are preparing homes to list, while buyers are watching closely for new opportunities. As always, thoughtful pricing, strong preparation, and strategic marketing make all the difference.
Across the East Bay, limited inventory continues to support home values, and well-prepared homes are drawing strong buyer interest. Desirable properties in prime neighborhoods are still seeing multiple offers as buyers compete for a relatively small number of homes. The broker tour on Tuesdays has generated a lot of interest among realtors, all of whom are seeking the “right fit” homes for our clients.
Mortgage rates are still a big part of the conversation. The average 30-year fixed rate is a little above 6% . While that’s higher than the very low rates a few years ago, things have stabilized, which is helping buyers feel more comfortable entering the market. Big economic factors such as current global events, oil prices, and the job market can all influence the bond market, which ultimately affects mortgage rates.
Here’s to a vibrant spring season, the end of the third quarter in our local schools, and a little St. Patrick’s Day luck guiding your next move.
Cheers, Jill ☘️
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