Home Prices are on The Rise!

Home Prices are on The Rise!

Now that we are a couple months into 2024, have the experts revised their pricing forecasts? The answer is YES! 

Hi, I’m Tanja Odzak, eXp Realty, and I help people sell and buy homes right here in the East Bay.

Over the past few months, experts have revised their 2024 pricing forecasts based on the latest market data and signals. In fact, experts are more confident prices will rise and not fall this year. This is great news for sellers who are planning to list their home this Spring. According to Goldman Sachs 2023 original forecast, home prices were to bump up 1.9% nationally. 

Now, their current forecast has home prices up 5.0% from last year. So what are the two big factors driving this increase: low inventory and a decline in mortgage rates. The market is seeing more buyer demand now that the mortgage rates have dipped but we still have a lower amount of inventory. This is keeping the prices stronger than expected from a couple of months ago. 

Keep in mind, Real Estate experts adjust their forecasts as the market shifts. So what may be true today, can change over time as well. Basically, it is all about supply and demand. With our housing supply still limited, anything that causes demand will drive prices to go up. 

If you are a seller looking to list and sell your home, call me today and I can give you a valuation on your property as well as the current market stats. I’m a seasoned East Bay expert with a 5-Star rating. I’ll help you navigate the market and make it happen, whether that’s selling or buying or both! 

And if you or someone you know needs to sell a home, ask me about my home selling plans.. I took the pain out of negotiating with a Realtor and made it SUPER simple. Really!  Choose Silver, Gold, or Platinum- Pick your Plan and Pick your Price. Terms do apply. I’m Tanja and I sell homes. Let’s get you going, Call me today!

I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit. 

Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?



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