Summer is Almost Here, Will June Bring a Swoon to the Hot Housing Market?
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Speaking of onward and upward, this is a real estate blog, so let’s get to that now as onward and upward the housing market still seems to go. You’ve seen all the numbers in your neighborhood, city or state. Nearly all home types and price ranges are up, including on second homes where more people have bought those than they have primary homes for the first time ever. This is easy to explain as many companies are allowing workers to continue to WFH going forward. So folks figure if they can work from home, why not work from the beach, the mountains, the desert, or wherever. Good for them. It’s your one life and work–sadly–makes up more of it than any other activity. So get yourself some relief and find your place in the sun as the Marin boys from Pablo Cruise sang about all those years ago.
Unfortunately, there’s not been much relief for Marin home buyers these days. Inventory and interest rates both remain at record lows, with home sales setting new highs every day, though June could be a very interesting month. Typically, it’s one of our busiest, but by month-end we will look at the inventory and be able to figure out if sales will continue through July and August, or slow down in those two typically slower months for sales. Last year was the busiest full summer we’ve ever seen here, but that was at the apex of the Pandemic with the kids slated to be home schooled in the following September. Not so this year. The kids are all going back to the classroom when school starts up in the fall. Will parents still want to move over the summer and unpack before mid August? We’ll see, but for now, inventory remains low as most sellers stay put. Any questions, let me know.
For now, that pretty much does it. Enjoy this June and the rest of this new, banner year wherever you are and please stay safe. As always, thanks for reading.