California Real Estate Radio

Welcome to "Santa Clarita Real Estate Insights," your daily source for the latest updates and expert advice on the Santa Clarita real estate market. I'm Connor with Honor, a local real estate agent here in Santa Clarita Valley, dedicated to providing you with the most current market trends and invaluable tips to help you navigate your real estate journey.Today's Highlight:July 23, 2024 - We have 471 active listings currently on the market, an increase from two years ago. We've been observing this trend since June of 2021, and it's clear that inventory is building. Will this shift us from a seller's to a buyer's market? Time will tell over the next several months.Interest rates haven't dropped as rumored, but we could see a change by September. If rates drop to the mid-5% range, expect a surge similar to the last hot cycle, where listings sold almost instantly and often above asking price.As a seller, it's crucial to understand terms like "concessions,&quo