Conclusion:
Sell High.
Sell Soon.
___
Supply Shortage is a major reason for the active real estate market.
Low Inventory is giving Seller's the advantage.
People are Not listing their homes for sale.
New constructions are slow because of Covid.
Material prices are high. Also, labor shortage.
___
Demand is good.
Many people are paying cash.
Some of the wealth is inherited.
Investors are buying houses.
Low interest rates.
(But interest rates may go up in 2022.)
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In southern California (e.g., Los Angeles, Orange County, San Diego),
houses sell in 12 days (median time to offer acceptance).
Sales price is above listing.
Multiple Offers are common.
Luxury market is more competitive.
More expensive houses are going up more.
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CPA and Real Estate Agent, 12/21/2021
https://youtu.be/8sWlmSSGISI
Supply: Low Inventory
https://www.redfin.com/news/housing-market-update-record-low-supply-of-homes-for-sale/
Housing Market
https://www.redfin.com/news/housing-market-news/
U.S. Housing Market
https://www.redfin.com/us-housing-market#supply
Investors: LA #5, Charlotte #4
https://www.bizjournals.com/memphis/news/2021/12/06/redin-house-market-home-omicron-variant.html
Sunnyvale Home Sells For More Than $800,000 Over Asking Price
https://youtu.be/ti8BadJVlzY
SF 3.5 million, 1 million over, sold in 3 days (at 4:33)
https://youtu.be/5qeOai-tnxY
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