Back in September, we had just about 5,000 listings on the market in the Coachella Valley, which is pretty typical coming out of the summer market. However, since then, we’ve had 1,600 new listings come on the market. Our active inventory has gone up all the way to 6,600 listings. That’s a huge jump in inventory, and creates much more competition for sellers.
As for sales in the Coachella Valley, they are only up by 100, so a lot of these homes on the market now are going to take longer to sell. The key to selling your home first is to price correctly, stage correctly, and have good showings.
In Orange County, things are a little different. Listings have actually gone down close to 900 since September and sales have gone down by 375. This gives us about a 600 unit difference in listings and sales, which is a little more typical of what we see this time of year.
The market is usually fickle during an election year, so your price is going to be the biggest thing that’s going to impact the sale of your home in 2016. The next thing you’ve got to remember is to keep your home tidy and smelling nice for buyers.
I appreciate getting the opportunity to help you in 2015, and look forward to helping you in the new year. If you have any questions at all for me, or if you or someone you know needs my help, please give me a call or send me an email. I look forward to hearing from you in 2016!
