Inland Empire Real Estate Market Update week of April 26th 2023

Dated: April 26 2023

Views: 145

The real estate market is bustling with activity! Prices, showings, and offers are all on the rise, despite interest rates also increasing. This can be attributed to a variety of factors, including buyers recognizing that rates won't be as low as 4% again, a historical shortage of homes for sale, and sellers being flexible with pricing and repairs. Additionally, the traditional Spring market has provided a boost. Over the past month, we've seen many of our appropriately priced listings receive multiple offers and enter bidding wars, leading to sales above the asking price. While this is a significant change from earlier in the year, it's not as extreme as the bidding wars we saw in 2021. Overall, it's a balanced market that benefits both buyers and sellers. If you have any questions, don't hesitate to contact us! 951- 487-7007 or Stop on by!

the murray team market update

rate sheet

Blog author image

Andrea Murray

RE/MAX Empire Properties is owned and operated by Andrea and Chris Murray, a husband-and-wife team whose partnership in real estate spans decades. From their early days as agents working side by side ....

Latest Blog Posts

Unlock the value of your home - know what makes a Room, a Bedroom

When is a Room a Bedroom?When it comes to selling your home, knowing what counts as a bedroom can make a big difference. Not only can it affect your property's value, but it also impacts the

Read More

Inland Empire Real Estate Market Update week of April 26th 2023

The real estate market is bustling with activity! Prices, showings, and offers are all on the rise, despite interest rates also increasing. This can be attributed to a variety of factors, including

Read More