IS THE WORST OVER IN THE NAPA VALLEY REAL ESTATE MARKET?

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It seems the question on every real estate seller’s mind is: “Is the worst over?”

Buyers ask, “Are prices still coming down? When should I pull the trigger?”

These are monumental questions for sellers who have a house listed for sale, and for buyers who are ready to make a strategic investment. I take the answers seriously and earnestly, and since I have always relied heavily on the objectivity of good statistics I thought it was a good time to update them to see the answers they reveal- thus far- to these vital questions.

A birds-eye comparison of the last 3 months of the Napa Valley real estate market (see bottom of this blog) versus two previous 3 month increments reveals the following: