Will home prices fall this year?

This week in Livermore we have 175 total active homes. 18 of which are new to market and 13 are coming soon.

175 active homes may seem like a lot, but that’s actually less than 1.5 months of supply. This means that yes, we are still in a seller’s market. Generally speaking, we would need a 5 month supply of homes to experience a normal or neutral market, and more than a 6.5 month supply to become a true buyer’s market.

So, it is still a great time to be a seller. Prices are not declining. In fact, according to the latest forecasts, experts say on average, nationwide, prices will still appreciate by roughly 10% in 2022.

But if you are planning on selling in 2022, we strongly recommend that you work with a knowledgeable Realtor to set the right price for your home from the onset. A price that reflects your local and current market conditions.

Homes that are priced right are still selling quickly. In fact all of our listings sold in the last 3 months have sold in less than 7 days on average. If you have questions about selling your home, we would love to chat or set up a consult with you.