🚨 First-time homebuyers are making a massive comeback nationwide—hitting 35% of the market! That’s the highest share we’ve seen since June 2020. 🙌 According to the National Association of Realtors, fresh inventory is opening up new entry points across the country. Nationally, homes are averaging 2.3 offers, and about 25% are selling above list price. But let’s talk about the reality here in California. 🐻
👇 While U.S. buyers are enjoying a bit of a breather, the Golden State plays by its own rules. California housing affordability actually hit a 4-year high recently (up to 22%), meaning more locals are getting their foot in the door. BUT the landscape looks a bit different:
💰 The Price: The U.S. median price is ~$404k. California’s median? Hovering over $843k.
🔥 The Competition: Nationally, homes average 2.3 offers. In our local hot spots (like Orange County or the Bay Area), turnkey homes are still easily seeing 4+ offers.
📝 The Strategy: Overpricing has real consequences for sellers right now, giving buyers more leverage than they’ve had in years—if you know how to negotiate. Are you looking to buy your first home in California this year? Are you feeling more optimistic with inventory opening up, or are the local prices keeping you on the fence? Drop your thoughts below! 💬🏡
If you’d like help creating a content strategy, improving your online visibility, or using AI to market your business more effectively, let’s connect.
Call Jack for A Quick Chat About Your Social Media
Jack Anthony 310-415-3615
Jack Anthony Consulting
JackAnthonyConsulting.com
JackAnthonyMedia@Gmail.com
#JackAnthony #Consultant
#RealEstate