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FOR THE WEEK OF January 27th to February 2nd, 2025
Greetings,
We are excited to step into February and hope you share our optimism about the opportunities ahead! With Super Bowl weekend just around the corner, we anticipate a surge in real estate activity in the coming weeks as buyers and sellers prepare for the busy spring market.
Weekly Market Snapshot (Jan 27 – Feb 2):
This past week saw a limited number of closed transactions, but a notable increase in cash purchases. Many cash buyers are strategically avoiding today’s higher mortgage rates, with plans to refinance later if rates decline in the coming months.
On the pending sales front, activity is steadily increasing, with Sunnyvale standing out for its higher number of transactions. More homes have been listed, and we’ve seen many properties selling within just 10 days, highlighting the continued strength and resilience of the Bay Area housing market.
Looking Ahead:
Post-Super Bowl Market Surge: Historically, real estate activity accelerates after Super Bowl weekend, as both buyers and sellers become more engaged.
Spring Inventory Growth: As we move further into February, we expect an increase in new listings, creating more opportunities for buyers who have been waiting for the right home.
Our Commitment to You:
Whether you’re considering buying, selling, or simply staying informed on market trends, we’re here to provide expert insights and guidance. The Bay Area market remains competitive, and our goal is to help you make informed real estate decisions that align with your goals.
If you’re curious about market conditions in your area or thinking about making a move, let’s connect!
Wishing you a fantastic week ahead and an exciting Super Bowl weekend!
Warm regards,
Henry Chu and Denise Liew
Presented by Henry Chu
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