Well, it's August, Delta appears to be raging (I had my own COVID scare when I found out I was exposed to a vaccinated family who had tested positive - on my birthday no less), and we're in the pit of a pandemic fatigued summer selling season, just teetering on the edge of what is likely to be an explosion of new inventory to come on market in the early days of September.
Every September, us agents have these high hopes that it's going to be a rager of a selling season, and every October (since I've been selling in San Francisco), we're left wondering why there is still so much product that hasn't moved.
With interest rates as low as they are, hopefully those starved of city and office life will be making their way back into the city to gobble up that fantastic inventory and prepare for the luxuries of post-pandemic living.
It's a game of wait and see!
But what I do believe is that prices will only go up from here until the end of this cycle in 5 to 7 years or maybe more.
So, for those of you on the sidelines waiting to buy or sell, NOW would probably be a good time. I'm here to help.
