23 May State of Real Estate Market as of May 22, 2019

State of the Real Estate Market as of May 22, 2019

Although February was a slow month with 255 single family homes selling according to San Fernando Association of Realtors.

February saw the fewest homes sales in any month since 1985.

Since March, sales have picked up. The interest rate remains in the 4% range.

According to Tim Johnson, CEO of San Fernando Association of Realtors. “Price are high enough to keep manny would be buyers out of the market but buyers may find that sellers are more agreeable”

Hope you have a great kickoff to the summer with the long Memorial Day weekend ahead!

From your local resident and Realtor. Keeping you up-to-date on the real estate market in the San Fernando Valley.

Michael Bloom

Rodeo Realty Calabasas

23901 Calabasas Rd Suite 1050

Calabasas Ca 91302

818-207-2088