Discussions regarding concessions and not commissions in the Santa Clarita real estate world

Santa Clarita Real Estate Update - July 5th, 2024 🏡

For Home Sellers:

If you’re thinking about selling your home in Santa Clarita, now is a great time! Here’s what you need to know:

•Current Listings: 📈 There are 435 active residential listings in Santa Clarita.

•Market Absorption Rate: ⏳ The absorption rate is very low. This means if no new listings were added, it would take just 2-3 weeks to sell all current inventory, depending on the city and housing type.

•Pricing Strategy: 💵 Make sure your home is priced right from the start. Work closely with your real estate agent to ensure your listing price aligns with the local market.

•Commission Changes: 📝 Recent changes in commission structures are important to understand. Discuss these changes with your agent to know how they might affect your sale.

For Home Buyers:

As a buyer in the Santa Clarita market, staying informed and prepared is key. Here’s what you should consider:

•Market Conditions: 🚀 With only 435 active listings and a low absorption rate, the market is very competitive. Homes are selling quickly, so be prepared to act fast.

•Commission Agreements: 🏠 Recent changes in commission structures mean you’ll need to discuss these new terms with your agent. Understand the details of any agreements you sign.

•Strategic Planning: 📝 Work closely with your agent to strategize your offer. Given the market’s competitiveness, having a well-prepared offer can make a significant difference.

By staying updated on market trends and understanding the new commission structures, both sellers and buyers can navigate the Santa Clarita real estate market more effectively.

Contact Connor with Honor 📞

Stay connected and get the latest updates on the Santa Clarita real estate market! Follow me on social media:

•YouTube: Connor with Honor 📹

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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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