Lots of rain and stubborn mortgage rates.  As I look at the trends between these first few weeks of the year and that same time last year, we are only slightly changed.  Active listings are down 1%, and closed sales are down 1.3%.  The real interesting thing which I mentioned last week that is being experienced in real time is the pending sales are up 2.6%.  This correlates to the competitive feel my buyers and I have been feeling while writing offers the last few weeks.  Now, the plan continues to be to see more listings come on the market starting in the next few weeks to kick off Spring.  This does two things.  It provides more shopping inventory for active buyers, and also gives a clue to how comfortable sellers feel in this market.  Remember, traditional sellers are also buyers.  A traditional seller does not sell just to sell.  A traditional seller sells because they feel comfortable listing their house, being confident in mortgage rates and the ability to successfully transfer to a new home, either upsizing or downsizing.  Let's continue to watch and see! 

PS.  My family and I are going to Disneyland this coming Sunday to Wednesday.  If you have any planning tips or must sees, please respond directly to this email and let us know!

What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com

Respond to this email with your name and mailing address and I will send you this card and a lottery scratcher around St. Patty's Day in March!