Flash Sales, Eager Buyers, Way Over Asking Price, Oh My!

Record low inventories across the country and especially in the Bay Area are spawning stories of flash sales, eager homebuyers lining up for new homes lotto and homes that are selling for way over asking.

While they are turning real estate environment into a sellers market, many potential sellers are nervous to sell.  It’s becoming a catch-22.  Sellers want to sell but are worried that they won’t be able to find a house to buy with the low inventory and especially now, when the competition seems especially heated for quality homes with good bones.  So these sellers keep their homes off the market which makes the inventory situation even the more dire.

With low inventory of quality homes as the #1 reason potential homeowners are hesitant to sell.  With many potential sellers standing on the sidelines, this won’t help the shortage of Bay Area area homes for sale anytime soon and potentially lead to more crazy selling stories.

Are you thinking about selling?  What’s your reason for not selling now?

Contact San Francisco Leading Realtor 

30 Years of Excellent Service

Joske Thompson
Joske@pacunion.com
415.345.3100