In this article on CNN "Signs of Life in California Real Estate," there are signs across the state that the California real estate market is beginning to pick up steam in terms of home sales.  Across the state, home sales have risen during the first few months of the year and in many locations, including in the San Clemente real estate market as noted in our previous blog, there are fewer listings coming on the market.  Increased sales and fewer homes coming on the market means a reduction of inventory which in turn means home prices stabilizing as supply and demand come back into balance.  Granted the market still has some correcting to do, the worst may be over and there could be a sign of the bottom sometime this year making it a good time to begin the home search process that can often take 6-18 months.

Please feel free to contact your exclusive San Clemente real estate agent for more information.