Sellers’ market continues into new year

Press file photo

Despite the pandemic, real estate in East County remains a sellers’ market.

In 2020, East County saw a shortage of properties for sale and an increase in homebuyers, leading to a dream come true for sellers.

For those in house-hunting mode, the reality wasn’t so dreamlike, and that reality appears to have no end in sight.

“We are definitely in a sellers’ market,” said Jim Graydon, mortgage and real estate broker/owner at All Phase Brokers in Brentwood. “A lot of properties are selling in one to three days. It’s not unusual to get 15 to 25 offers on some hot properties. The demand is high, and inventory is low.”

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