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.”


(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Thank you for Reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.