A Good News For Home Buyers
Shared by real estate broker Li Li Hwang in Rancho Cucamonga
- Home prices are seeing the biggest discount in two years, and homes are sitting on the market longer. That signals the housing market is tilting in favor of buyers as the critical spring selling season is about to begin.
Housing prices may have been listed too aggressively, as sellers settle for offers below what they initially sought.
According to a Redfin report, the average home listing sold for 1.8% less than its asking price in January, the largest discount in nearly two years.
In addition, it takes the average home 56 days to go under contract, the longest in nearly five years. With a slow market, buyers have more time to negotiate on pricing and terms for certain homes.
~ Above information provided by FORTUNE published on February 24, 2025 ~
Bottom Line
It is wise to grab the opportunity to buy your home now before it is too late. The great chance may not last long, for the market trend may turn around because the chaotic world now could come back to peace in just a few months. And then, economy will revive, causing prices to go up.
Each market is different based on location, and this report provides only a general overview. Local trends may vary, so it's important to analyze your specific area.
Please give us a call, and let us help you find your dream home in your ideal location.
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Your local Real Estate Broker | Li Li Hwang | DRE# 01059188
Your Home Sold Guaranteed Realty LiLi Hwang Team |DRE# 02210675 | TEL: 909-710-6788 | Rancho Cucamonga |CA 91730
Website: www.lilihwangteam.com
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