This slight upward tick in inventory appears to buck the normal trend, but it's important to hold off on making any significant assumptions. Most leading economists are still predicting a leveling off of inventory and prices in 2017. It may only be a temporary increase in response to rising mortgage rates, but it's worth watching.
The American Canyon and Vallejo real estate markets both posted month-over-month and year-over-year gains in the median sales price. The median sales price in Vallejo rose 8.2% to $355,000 and in American Canyon it rose to $460,000. The number of homes sold decreased by 5 in Vallejo while American Canyon had a slight bump in … Continue reading