Hello, Davis Buyers? Anybody Out There???

Mortgage interest rates are amazing, prices are lower,  it’s sunny, spring is around the corner… yet only five new pending residential sales in Davis since January 1st (per MLS). Yeah, that’s right, five -  as in count-’em-on-one-hand-five. Certainly there are plenty of serious buyers around as open house attendance of late has been strong, as seen by yours truly and my Davis colleagues.

Here are the five new pendings since the new year:

2743 5th St (East Davis)

1356 Via Colonna Ter. (East Davis)

4150 Cowell Blvd. (South Davis)

633 Amherst Dr. (Central Davis)

3035 Merced Dr. (East Davis)

We’ve had 31 new listings in Davis since the new year, however many of these are returning to the market after a holiday respite, for what it’s worth. I do think the dam will burst open with buyers flooding the market soon as more listings appear, as long as interest rates hold at around 5% or lower. But if the next 26th days are anything like the last, most realtors will be enjoying Top Ramen for breakfast, lunch and dinner.  Bon appetit.