Hello Los Angeles! Phil Keppel from Media West Realty here with what’s happening right now in our local real estate market.
At the moment, homes are sitting a bit longer as the buyer pool takes its time — carefully considering options in a market where supply is still limited.
Here in Burbank, we’ve got 73 single-family homes currently listed — that’s a healthy number that gives serious buyers room to explore and negotiate.
Interest rates are hovering between six and seven percent, depending on your credit rating and lender. So if you’re pre-approved, it’s a great time to get active and be ready to move when the right home appears.
As we head toward the holidays, this is the time motivated buyers make their push to get into a home before year-end. If you’ve been thinking about buying or selling, don’t wait — now’s the time to act while conditions are still in your favor.
If this makes sense or you have any questions, Call, text, (818) 516-7387 that’s (818) 516-7387. I’m looking forward to hearing from you!
