Inventory levels in Twin Creeks now appear to be fairly constant, but with just 4 homes available, it’s fairly clear that numbers are insufficient to meet buyer demand, even with the higher interest rates. Homes are taking a little longer to sell than previously, although sale prices still show prices well in excess of list price. This may not represent a true picture of course, as we don’t have actual sale prices of all those Pending homes above. I suspect we will get a better idea of how the market is adjusting by the end of June.

Questions about the real estate market in Twin Creeks or anywhere else? Call Bernard Gibbons on (925) 997-1585 or Michelle Hensley on (925) 785-5544 anytime, or email team@bernardgibbons.com. We will help in any way we can and we are always happy to hear from you.