Santa Clarita Real Estate Market Update: Is a Shift Coming?

Connor with Honor, a local real estate professional, provides insights into the current state of the Santa Clarita real estate market in his latest video update. While the market remains a seller's market, there are signs of potential change on the horizon.

Inventory on the Rise: The video highlights a recent increase in available properties, with Santa Clarita Valley reaching 310 units compared to the high 200s just a few days ago. This trend is expected to continue as we move into spring, a time when the market typically sees a rise in listings due to seasonal factors.

Interest Rates and Buyer Activity: Despite the potential rise in inventory, the video emphasizes that buyer activity remains strong. Many buyers are following the advice of "marrying the residence, not the mortgage rate," choosing to purchase now and potentially refinance later when interest rates drop. However, the video also acknowledges that no significant decrease in interest rates is expected before June.

Challenges for Downsizers: The video identifies a unique challenge for homeowners looking to downsize to single-story residences. Santa Clarita, like many areas, favors two-story homes in new constructions, making single-story options scarce and highly sought-after.

Moving Decisions and the Kid Factor: The video concludes by highlighting the influence of children on moving decisions. Spring typically sees an increase in movement as parents aim to enroll their children in new schools or downsize after they have left home.

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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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