Market Update: April 2024

Welcome to the Spring Real Estate Market

As the days get longer and the weather gets warmer, it’s clear that spring is upon us.

The spring real estate market is traditionally one of the busiest times of the year for real estate. With the flowers blooming and the sun shining, buyers are eager to find their dream homes, and sellers are ready to showcase their properties in the best light.  Last month was a good warm up for us as well. The chart below shows that February home sales were up over 40% from last year.

Home sales volume Stanford circle region

So far, we’re seeing a surge in buyer demand as more and more people are starting to make offers instead of just looking and waiting. Days on the market are decreasing and properties are starting to sell for a bit over asking.

Average sales price to listing chart - Stanford circle region

Our advice to sellers

Now is the perfect time to list your property and take advantage of the high demand. With the right marketing strategy and a competitive price, you can attract motivated buyers and secure a great offer for your home.

Our advice to buyers

The spring market offers a wide variety of options and a fresh inventory of homes to choose from, but you need to be ready to move fast so get your pre-approval ready.

As your trusted real estate professionals (no AI or algorithms here), we can guide you through this exciting time. Whether you’re looking to buy, sell, or simply explore your options, we have the expertise and resources to help you make the most of the spring market.

If you have questions about anything you’re reading in the news about the recent lawsuit and settlement, please give us a call. We’d be happy to discuss the latest, and how it affects you. Stay tuned for our upcoming listings, open houses, and exclusive opportunities as we dive into the spring market together. We’re committed to helping you achieve your real estate goals and making this season a successful one for you.