Increasing Home Values According to Survey of Home Owners
Whenever I get into this discussion on how Home Seller perceptions of home values are still out of touch with the market, the first comment I hear is, “are they (home sellers) watching and reading the same news the rest of are?”
So what is the reality? Every month I post the YTD sales for Simi Valley and Moorpark Real Estate.
- October YTD Simi Valley Moorpark Home Sales Report
- September YTD Simi Valley Morrpark Home Sales Report
- August YTD Simi Valley Moorpark Home Sales Report
- July YTD Simi Valley Moopark Home Sales Report
- June YTD Simi Valley Moorpark Home Sales Report
- May YTD Simi Valley Moorpark Home Sales Report
The declining trends are very clear and the segment of the market with the most activity is very clear from these reports as well. What is even more interesting is that the inventory has been shrinking and prices have continued to decline. Generaly shrinking inventories slow or stop declines and even can start a rebound, but in this market; confidence, incomes, inflation and lending are a major part of what is keeping this market from recovery.
IF you are a home owner thinking about selling your home, this is the time to prepare and be realistic about what you can sell your home for. Zillow’s full text can been found here:
Strangely, “Not My House” Sentiment Continues, Albeit a Smaller Group
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