If you live in 93314, wait to list your home until inventory drops.

Is now a good time to sell your home in Bakersfield 93314? Turns out the answer might be no!

To determine whether it is a good time to list your home, REALTORs look at the inventory. When inventory is greater than 3-months, there are too many houses and buyers get all the control. This is called a “buyer’s market,” and it leads to lower home prices and increased seller consessions.

Bakersfield Association of Realtors reports that 93314 has jumped from 1.9 months of inventory to 4.2 months! Realtors have been chasing the buyer demand, and as a result, they have over-saturated the market. Expect homes in 93314 to sit on the market longer, because buyers have too many houses to chose from.

Bakersfield Association of Realtors reports that inventory has jumped up to 4.1 months in Bakersfield 93314. If you want to sell your home in this zip code, wait until inventory drops so that you can command a better price for your home with less haggling.

Do you have questions about how to sell your home? Ask Jared at Watson. Contact me today.