The number of homes sold in August is up compared to the summer hole of last month when sales numbers in Gilroy were down.
MLS statistics show that in August, the number of available active listings was higher than the number of listings under contract which is an early indication that we experience a shift in the market. During the very strong seller's market in Spring 2014, we had reverse numbers and active inventory was extremely low.
With new developments being pushed onto the Gilroy market lately, we see more inventory and experience less multiple offers on listings. Current supply and demand reflects a transitional market with still strong home prices but also more opportunity for buyers who want to take advantage of the current low interest rates. A win win situation for both, seller and buyer.
Should you plan to list your home or buy a new one in Gilroy, do it now and call me! There will never be a better time for this exciting step in your life.
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