How Long Will My Home Take to Sell in Southern California?

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It’s a question that comes up every time a seller lists their home: how long will it take to sell my home?

The average home sits on the market for 100 days in Rancho Cucamonga, but it really depends on two things: location and price.

When it comes to price, no matter the area, you want to make sure you’re priced competitively to attract the most attention. Homes here in California may not sit on the market as long as they might in the Midwest for example, but even homes in California will typically sit longer on the market in desert areas as opposed to the suburbs. Regardless of area, it’s important to attract attention with a competitive price.

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You want to make sure
you’re priced competitively.

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Additionally, your chances of selling in a short amount of time increase greatly when you price competitively. Hiring a real estate professional will help you determine what that competitive price point will be.

If you are looking to sell, I'd love to be the real estate professional who helps you!

We’ve Got a Hot Market in the Inland Empire

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Today we are happy to be joined by our in-office lender, Mike Esposito of NFM Lending, to discuss what’s going on in the market currently. 

Right now, interest rates are at an all-time low. People were concerned at the end of last year that they would go up, but the opposite has happened. We are seeing multiple offers on many of our listings, and rates are as low as they have ever been. If you’re looking to take advantage of this, you need to give Mike a call at 909-227-7420 and he can get you hooked up with the lowest interest rate out there.

So, the big question we always get is, “Are we in a buyer’s or seller’s market?” Primarily, we are in a seller’s market, due to our low inventory. There simply aren’t enough homes for sale, so if you’ve been thinking about selling your home, now is the time to get top dollar. We have an entire network of buyers who are ready to purchase, and may already have a buyer for your home.

Another reason to consider selling now is that you can still get a mortgage for your new home at a good price. If you have an agent like myself, or a lender like Mike, we can get you a great interest rate on your mortgage.

In areas like Diamond Bar, homes are still holding their value. Although they are staying on the market longer, the fact that there are so few homes on the market means they can sit until someone ends up paying the price. There are buyers out in the market looking to take advantage of low rates, and homes priced between $300,000 and $600,000 are selling especially quickly.

If you have any questions for us, give us a call or send us an email. We would love to hear from you!