Market Update – March 17, 2017

We just put 151 Brahms Way  (a Sunnyvale Townhouse) on the market so I’ll be hosting open house this weekend if you want to stop by and chat about the market.  56 new listings just for the Friday tour alone so as you can see, the nice weather is finally bringing out some sellers.  The raise in interest rates might have some buyers jumping into action so it will be interesting.  I have seen so many new apartment complexes under construction these last couple years finally now coming available, so that may keep a damper on rental rates (supply/demand).  I am seeing some softness in single family home rental rates, should see if that makes buyers complacent for a while or if they realize it’s just plain more affordable to own!

Categories: Market Trends

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