Home sellers are selling, but the market has started to build in inventory and homes for sale.

Connor with Honor - Managing your real estate health in Santa Clarita, Los Angeles California, and beyond!

Introduction (0:00 - 0:30)
Connor MacIvor introduces himself and sets the stage for the real estate update focused on Southern California and Santa Clarita Valley.
Local Inventory Overview (0:31 - 1:00)
Discussion on the current real estate inventory, highlighting:
Coming Soon (1:01 - 1:30): 12 properties are flagged as coming soon, potentially hitting the market within 21 days.
New Listings (1:31 - 2:00): 47 new properties were listed in the past week, spanning single-family residences, condominiums, and townhomes.
Market Dynamics (2:01 - 2:30)
Analysis of factors influencing the market, including high interest rates and low inventory due to sellers holding onto lower mortgage rates.
Price Adjustments (2:31 - 3:00)
Price Changes (3:01 - 3:30): 45 listings experienced price adjustments, indicating a mix of reductions and a few increases due to initial underpricing or market strategy adjustments.
Transactions and Market Movement (3:31 - 4:00)
Overview of recent market activity, covering:
Back on Market (4:01 - 4:30): 14 properties returned to the market, mainly due to buyer financing issues rather than property faults.
Active Under Contract & Pending Sales (4:31 - 5:00): A combined total of 81 properties are moving towards sale completion.
Closed Sales (5:01 - 5:30): 58 properties closed in the last week, signaling a healthy transaction flow.
Listing Cancellations and Holds (5:31 - 6:00)
Insights into cancellations and properties on hold, including:
Expired Listings (6:01 - 6:30): 4 listings expired, possibly due to overpricing or market misalignment.
Cancelled Sales (6:31 - 7:00): 7 sales were cancelled, likely reflecting pricing or seller reconsideration issues.
Properties on Hold (7:01 - 7:30): 11 properties are on hold for various reasons, ranging from seller circumstances to property conditions.
Viewing Opportunities and Agent Interaction (7:31 - 8:00)
Tips on how to view coming soon listings and the importance of direct interaction with real estate agents for detailed property insights.
Closing Remarks (8:01 - 8:30)
Connor concludes with a preview of the next update focused on the open house market and encourages engagement and sharing of the update.

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From first responder to real estate expert, Connor with Honor brings honesty and integrity to your Santa Clarita home buying or selling journey. Subscribe to my YouTube channel for valuable tips, local market trends, and a glimpse into the Santa Clarita lifestyle.
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