There are over 2000 active listings in LA right now and the competition is about to intensify. What can buyers and sellers expect? Here's what the data tells us.
According to Realtor Magazine, spring is by far the hottest season for new homes to enter the market (see the chart below). We can expect active listings to skyrocket during this period well above 2000. And make no mistake there will be winners and losers.
For buyers, this means more choices. For sellers, it's all about increased competition. This is the season that rewards homeowners who know how to position their homes to ideal buyers. Buyers, on the other hand, will be rewarded for doing their homework early and understanding the the lay of the land when it comes to price and value.
In both cases, data is your best ammunition!
Stay tuned for the next post when we provide an overview of current listings throughout LA. We'll tell you what to look out for and what we can expect with the new wave of listings coming this spring.
Feel free to reach out any time if you would like a custom analysis of your market. You can try our free market analysis service.
