So, I’ve been seeing a crazy trend in California real estate this March. Normally, this time of year would see prices rise, but instead, they’ve actually dropped! We’re talking about big cities like San Francisco, the Bay Area, Los Angeles, and Irvine—places where prices are usually through the roof. The median home prices are down by 8%-12% compared to last year, and inventory has surged by 30%. Homes are sitting on the market longer too, with average selling times jumping from 25 days last year to 45 days now.
Does this mean it’s time to buy? I’ve been hesitant for a while, but with these price drops and more options to choose from, I’m starting to think maybe the market has finally cooled off enough to make a move. What do you think—should I start house hunting now, or is this just a temporary blip?…