Many people want to know: Are we headed for a housing market crash? Today I’ll share the latest market data from April and draw contrasts between the calamity of 2008 and our current crisis. Believe it or not, we’re still currently experiencing a strong seller’s market, and prices are stable. Though total sales were down significantly year over year for April (1,087 in 2020 compared to 1,683 last year), the average sale price this year was much higher, and inventory remains low.
The decision to buy or sell a home shouldn’t be made lightly. Here at Shawn Luong Century 21 Masters, we want to help make that decision easier by providing you with relevant, educational information about Southern California real estate and the California real estate market right here on our YouTube channel. Whether you’re looking for helpful tips about buying a home, selling a home, or the latest market statistics, we’re here to bring that information together all in one place. We have a passion for helping homebuyers and home sellers achieve their goals and we’d love to talk to you about how we might help you achieve yours. If you have any real estate-related questions for us, don’t hesitate to reach out to us via phone or email today.