If you look at the inventory levels today, they have more than tripled from the beginning of the year. If you remember, the number of homes available for sale in Fremont were about 80-90 homes and now they have gone up over 250 homes in the Fremont market. Other cities are not an exception either. At the same time, prices have homes have climbed up too.
In many cities where median price of the home was between 700-800 thousand in January, those homes were selling around $150-200K higher by June. Majority of the Buyers are on the sidelines and sellers are putting the homes on the market with record numbers. I call this a Law of Mass Thinking.
Here’s how real estate gets SOLD, Greater Exposure Through Effective marketing leads to Greater Demand, and Greater Demand leads to Higher Price. This is how I work and the method I use for creating Greater Demand, are based on my years of marketing experience.