Ojai’s Monthly Real Estate Update!

 

Char Michaels Sharon McClung Keller Williams Ojai Real EstateThough we have yet to experience the cold snap that will paint the onset
of Fall with the ruddy colors of turning leaves…. the shortening of the days is already apparent with the official “fall back” of the clocks just weeks away.

As we all begin adjusting our own inner clocks to the seasons changes, it appears the Real Estate market just might be downshifting a notch early this year. Only 10 properties entered escrow in the month of September as compared to the previous two years with 24 and 25 sales. The number of transactions that “closed escrow” in the month also decreased by 25% over the previous two years.

Could activity begin to pick back up for this month of October ? Absolutely!! And hopefully so….

With interest rates remaining low, and a slight uptick in the overall inventory… Buyers will have a few more choices and a good window of opportunity to step into homeownership.

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