June Housing Market Update (2021), San Clemente CA
This week in San Clemente there are more homes in escrow than there are homes available to purchase. What exactly does this mean? Buyer demand is still scorching hot! If no new homes came on the market, we would run out of housing supply in less than one month.
Many of my clients and friends are curious about how long this market can last. Low interest rates continue to push up demand by keeping homes affordable even as prices increase. If interest rates start to rise, we can expect demand to cool off.
If you have any thoughts of buying or selling, give me a call or shoot me a text - (949) 212-1433. I would love to hear from you and talk about how we can make this market work for you!