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For the first time since 2019, buyers have real power, with over a million homes for sale across nine states. Inventory is up, competition is easing, and opportunities are opening up for smart buyers. If your clients are considering a home purchase, here’s what they need to know:
Your buyers have more options and leverage. There’s simply more to choose from right now. In most markets, prices are softening a bit. Buyers are managing to get some price reductions and even money back toward closing costs. That kind of flexibility definitely wasn’t around not long ago.
Even with overall market changes, a few local spots remain strong. In the Burbank Hills and Glendale Hills, homes are still selling at or above list price, with multiple offers. But in flatter neighborhoods, we’re seeing listings close right at or below asking. Condos are following that same trend.
Where our business came from last month. A broker asked me recently where our clients have been coming from, so I looked back at the last 30 days. We had a couple of leads from hosting open houses, plus a good number from past clients and their referrals.
One client came in from the Burbank Bulletin, a local newspaper we’ve been in for years. The Brad Korb website also brought in business, thanks to the SEO and marketing work we’ve put in. We even got a call from someone who saw a flyer on one of our listings.
That’s the rundown of what’s been going on and where our leads have come from. If you want to talk more about the market, just give me a call at 818-953-5300 or send an email to brad@bradkorb.com. I’m here to help.
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