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What is the current inventory? Recently, there have been 63 active homes for sale in Ripon and 110 in Manteca. These numbers are low, so there is plenty of room for sellers to list.
What about interest rates? A recent interest rate average is about 4.125%. Credit scores, loan programs, and down payments make a difference in the rate you're able to lock in. Obviously, low rates are great because they reduce the cost for buyers.
What do all of these things mean for you? It’s a great time to sell or buy! Whether you're moving up or scaling down, now is great time to make your move!
Is this a buyer’s or seller’s market? Interestingly enough, we’re experiencing an equilibrium in the market currently. It’s great for both buyers and sellers to get an excellent deal. We’re starting to experience contingencies, we’re seeing closing cost credits paid by the seller, and prices remain consistently stable.
What is the current inventory? Recently, there have been 63 active homes for sale in Ripon and 110 in Manteca. These numbers are low, so there is plenty of room for sellers to list.
What about interest rates? A recent interest rate average is about 4.125%. Credit scores, loan programs, and down payments make a difference in the rate you're able to lock in. Obviously, low rates are great because they reduce the cost for buyers.
What do all of these things mean for you? It’s a great time to sell or buy! Whether you're moving up or scaling down, now is great time to make your move!
If you have any questions, please reach out! I’m happy to help.
