Is there still a “Buying Season”? | Bay Area Real Estate Trends

Over the last few years distressed properties have been coming on the market at a pretty steady rate all year ’round. And being purchased year ’round. This year I saw no big spike in inventories during the spring and I am not seeing the drop off in new listings starting in august that has been usual during my adulthood. For many years there was both a seasonality to listings and prices, with the lowest prices and the lowest number of new listings coming September through November. This seems to be changing, at least in my area. I can speculate about what has changed this pattern, my best guess is that is a combination of the steady flow of distressed properties and the increased transparency that the internet has brought to the Real Estate market.

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I agree with these comments but here in Marin County California, the flow of distressed properties has decreased and I don't see that as the main issue changing the pattern. Our main problem here is lack of inventory which has been the case for about a year and the demand for the good, well priced homes remains quite high. The month supply of inventory for Marin SFR is 2.4 months, has been this level for several months, and a balanced market should see that number closer to 4 months. Buyers are a bit frustrated! I hope our inventory is strong through the fall so that we can get a more balanced market and place our buyers in homes.

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