“Rising Home Values in Southern California Make it a Good Time to Sell”
The housing market in Southern California is showing signs of improvement, particularly for homeowners in Riverside, Los Angeles, and San Diego County. According to a recent market report by Zillow, home values are on the rise in these areas, with significant annual price gains in San Diego (9.6%) and Los Angeles (7.4%).
In addition to the annual increases, there were also month-over-month increases in Riverside and San Diego. This positive trend is encouraging more homeowners to put their homes on the market, with new listings increasing by 5.8% nationwide compared to last year.
For Southern California homeowners looking to sell, this means they may be able to command a higher price for their homes. The report also highlighted that homes priced and marketed correctly are selling within 29 days, making a quick sale a realistic goal for sellers and their real estate agents.
The increase in home values and the growing number of new listings in Southern California are promising signs for the housing market in the region. With more people taking the plunge and putting their homes on the market, now may be a good time for homeowners in Riverside, Los Angeles, and San Diego to consider selling.