For Investors all over the world there is nothing more important than being able to predict a market’s behavior, the California Housing Market remains very competitive, with houses selling quickly, and prices remaining high. Now that summer is approaching fast, many Californians are wondering when home prices will drop. To better answer this query we need to look at how the market has been performing this past month.
The previous month saw a decline in home sales and an increase in the value of homes, this imbalance has driven buyers to make higher and higher bids to secure a purchase, with a great percentage of homes being sold above the asking price.
It seems that this summer the California housing market will remain a hot (pun intended) seller’s market and is unlikely to shift to a buyer’s market anytime soon. Right now is a good time to sell, sell, sell houses, with expectations that prices will keep rising, resulting in a more profitable sale in the coming months.