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Learn real estate tips, market updates, and keep up with Jessica Helal Real Estate Group!

June Market Update

Just like the national housing market trends, the tight inventory and low mortgage rates are fueling the rise in California home prices. While this kind of price appreciation impacts housing affordability, higher home prices will hopefully encourage more sellers to list their homes for sale, which would in turn reduce the rate of appreciation.

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House Hunt – Blink And You Miss It

Before the start of 2021, existing homes were typically on the market for 21 days—meaning houses were plucked off the market two weeks faster than the typical 38 days from a year ago. And we’re now seeing homes sell even faster than that, typically selling within 18 days on the market. That’s another new record!

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May Market Update

There have been years where sunny Southern California sees very little rain. Sometimes those years accumulate, and the drought becomes severe.

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April Market Update

While the pandemic did disrupt home sales in the spring of 2020 (which is usually considered the hottest season for real estate), the market quickly made an impressive rebound. Real estate experts have reported that the surge in home sales toward the end of 2020 actually made up for the spring market losses.

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