January 2020 Market Update

Happy New Year and welcome to our January newsletter. This month, we’ll help you make informed real estate decisions and offer you some important information on how the number of days a listing stays on the market impacts buying and selling strategies. Understanding how long it takes for a home to sell in your local market is crucial to maximizing value in negotiations and in making sure you close on the home you want. With that in mind, this month we’ll examine the following:

• End of Year Market Updates for the South Bay/Peninsula Across Three Key Indicators: Home Prices, Months Supply of Inventory, and Sales-to-List Price
• Everything You Need to Know About Days on Market (DOM)
• Local Market Price-Reduction Analysis
• How Status Changes Impact DOM
• How Time of Year Impacts DOM
• DOM Differences Between Luxury and Starter Homes
• DOM Difference Between Homes With and Without Price Reductions

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