As I'm sure you've probably heard, we are currently experiencing a very dramatic sellers market. The simple explanation is there is very little inventory, and yet a huge demand from buyers. The low inventory during our winter months is nothing new, but the overwhelming demand from buyers is somewhat unprecedented. In 2020, 13 of my 17 transactions were with buyers who were relocating from either Southern California or the Bay Area (including Santa Rosa). In a lot of the cases, my buyers were taking advantage of the new COVID landscape, which opened the door for them to work remotely. With this new found freedom, they took the opportunity to sell their home and walk away with enough cash to buy something in Humboldt outright. This trend that started back in May hasn't slowed down and has drastically impacted our local buyers. I am

hopeful that our spring months bring more consistent listing volume, which will, in turn, ease the demand from buyers. If you find your self in the middle of this predicament, I suggest some deep breaths and to try and to be as patient as possible, there will always be more listings. Conversely, if you own a property in Humboldt, you can always be a part of the solution by listing your property at the height of the market and capitalizing at the opportune moment!

February Market Report for Eureka

February Market Report for Arcata

Interested in current interest rates? Please call or visit Humboldt Home Loans for detailed information.

The button below will take you to the archive page on my website where you can access every volume of my weekly newsletter!