Real estate agents are asked all the time about how the market is. Is it a Seller’s market, a Buyer’s market, a Neutral market? What is going on? In my experience, when I hear agents answer this question, almost always, the answers they give are, well, quite frankly a bunch of horse****.

Their answers are almost always not based on objective data. Maybe my mind is wired differently than most agents, maybe it’s my education in economics at UCLA, either way, I would prefer to answer questions from my clients, let alone the specifics about how the market is doing, in a fact based manner and avoid opinion as much as possible. If I provide an opinion, I really do try for you to couch that opinion with facts that you can independently verify. That way you can make better, more informed decisions. That makes sense, doesn’t it?

The first chart below answers this question, “Based on the rate at which homes are selling, how long will it take to sell existing levels of unsold inventory?” Do you see how this chart’s fact based supply/demand numbers helps you understand where to position the pricing of your home, or if you’re buying, how to strategically make an offer? With this chart, the lower the number, the “hotter” the market.

The second chart is from a 3rd party real estate research firm and charts their proprietary “Market Action Index. With this chart, divided as you can see, in price quadrants, the higher the number, the “hotter” the market. You can watch a video here of best tips when studying this and other charts I track and make available at no cost to you.

Rolling Hills Estates Real Estate Trends

More and more people are realizing when they conduct online searches for real estate using those big portals …. you know the ones I’m talking about (zillow, realtor dot com, etc etc) their information is being sold to multiple real estate agents and advertisers on those portals. So how can you SEARCH IN PRIVATE with confidence that your information isn’t being sold or shared with anyone? Use https://SearchHomesInPrivate.com and you can watch a video here on the best tips this portal provides you that you can’t find on any other search site.

Lastly, if there are any other markets you’d like profiled with charts similar to those above (by the way, those charts will update with the latest data each month, so save this link and check back as often as you wish), then use the “Contact Us” button in the banner above!

Thanks for reading and watching!