According to analysis of the 14 major West Coast cities Movoto Real Estate tracks, there are more homes on the market today than a month ago. This increase in inventory is welcome news to future home buyers. That said, the average list price per square foot has also increased, a likely indication that there is continued room for growth in the number of homes on the market as demand continues to outpace supply. Movoto’s regional analysis examined 14 large cities in the Pacific states: California, Oregon, and Washington. Overall, on a year-over-year basis, there are 11.9 percent fewer homes available than there were in June of last year. This indicates that sellers are starting to realize that now is a good time to sell. Interest rates are starting to go up, which will lower prices in the future, and it is hitting the peak of the buying season, when demand will be the highest during the year. Right now is an excellent time to list a house for sale if you are planning on selling this year. [Read this article]
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