Is Now a Good Time to Sell in Westlake Village?


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Today I'd like to share a very brief market update with you. All of this data was compiled by RE/MAX and it covers the numbers from June 2014 to June 2015.
 

  • Year over year, home sales increased by 12%.
  • The median home price rose to $224K, which is a 7.4% increase.
  • The average days on market is sitting at 58 days, which is a decrease of 4 days from June 2014.
  • Inventory is also beginning to decline, as there are 11.8% fewer homes for sale now than there were last year.

With home sales increasing and inventory declining, this can only mean one thing: it's a good time to be selling your home.



The good news for buyers is that homes are still very affordable because interest rates are as low as they've ever been. However, they are set to rise, so now is also a smart time to buy a home.

If you have any questions, or if you'd like more information on our local market, please don't hesitate to contact me!