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A Promising Start to the Year: California Home Sales Surge in February



A graph surging upward

A Promising Start to the Year: California Home Sales Surge in February


Surprise to Some! Home Sales are Up. If you’ve been wondering whether 2024 might be the right time to buy or sell in Walnut Creek and surrounding areas, here’s some interesting news: California just had its best month for home sales since late 2022, and things are looking up across the board.


According to the latest data from the California Association of Realtors, closed escrow sales of existing single-family homes rose 11.6% in February compared to January, and were up 2.6% year over year. That means more buyers are jumping back into the market, and more sellers are finding success.


What’s Driving the Momentum?

So, what’s fueling this surge in California home sales?


  • More homes are hitting the market – active listings grew at the fastest pace in two years.

  • Interest rates are trending down – and while they’re still hovering above 6%, it's helping many buyers who were previously priced out of the market.

  • Buyer confidence is rising – With more choices and fewer bidding wars, it’s becoming easier to make the move you’ve been dreaming of.


What This Means for Walnut Creek and Surrounding Communities

It should be interesting to see the March numbers. However, here in Walnut Creek and surrounding East Bay neighborhoods, we’re seeing steady open house activity and renewed interest from both local and out-of-area buyers. Whether you're looking to upgrade, downsize, or purchase your first home, now may be the ideal time to explore your options.


Let’s Make a Plan

If you’ve been on the fence, let’s connect and talk strategy. With the right plan in place and a trusted expert by your side, you can take advantage of this upward trend.


Real estate isn’t just about buying or selling—it’s about timing, opportunity, and knowing when the market is moving in your favor.


Let’s make your next move a successful one.


—Doug Gamblin

Walnut Creek Realtor | Local Expert | Trusted Advisor

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