Westside Real Estate 2012 – Off to its Traditional Fast-Paced Start
The beginning of the year is traditionally a busy, productive period for real estate here on the Westside. It wakes up from holiday season hibernation and teems with activity.
2012 is proving to be no different as we see inventory up in nearly every area on the Westside. Most real estate agents tend to hold off on listing new properties at the end of the year because they know it is a slow period and not the best time to launch, so they wait for the new year. This is the primary reason we see such a spike in inventory across the board.
The more NEW inventory on the market, the better. The increase in supply of properties on market give prospective buyers more options to choose from, making the market more competitive and altogether, healthier.
It’s a win-win situation for sellers and buyers. Sellers win because a more competitive market can lead to higher sales prices. Buyers win because there is simply more inventory to choose from. Their options increase.
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