Livermore Homes for Sale are in very high demand as a result of buyers wanting great prices and being close to work and the San Francisco Bay Area. There are not as many homes for sale in Livermore as there were a few years ago when there were so many foreclosures, reo’s, short sales and bank owned properties on the market. Even though the market has turned around and more home owners are selling their homes there still are not as many Livermore Homes for Sale resulting in a major shortage of homes on the market driving prices up even further. Of course, the very low interest rates are sure helping matters a lot.
New home builders and been bringing to the market new homes in order to keep up with demand. But, even still demand is strong for new and used homes. Also, home flippers are fixing up older homes and bringing them to the market and restored or repaired or renovated homes. This, of course, adds to the inventory of
Livermore Homes for Sale
but they are quickly snapped up by home buyers who don’t want the hassle or fixing a home after or before they move in to it. Their lives are far too busy to deal with home repairs. For these busy professionals it is much better if there were just plenty of Livermore Homes for Sale to meet their demand.
It’s critical for everyone thinking of buying or selling a home in Livermore to understand the dynamics that create supply and demand and shortage and overabundance of homes. Right now amount Livermore Homes for Sale available are a good indication that demand is high even though prices have risen significantly. If interest rates were to rise this could cause demand to slow. But, Livermore is after all within the greater San Francisco Bay Area so do you think demand will ever decrease? My guess is not for a long long time. Take a look at a historical chart of Livermore Home Prices on a year over year basis and you will find that the home prices have gone up substantially over 50 years. They keep going up and I think have a long way to go still. This might be the time for you if you are a home buyer to look and see the current inventory of
Livermore Homes for Sale.