Portola Hills Has Record Breaking Month in April - Home Sales Report
Wondering how the Portola Hills real estate market has done so far in 2022. Well, April was a record breaking month! But are we at the height of the market? We are certainly in a shifting market. What is shifting? Interest rates have increased to about 5% and projected to be be higher by years end. Plus we have seen an increase of new listings, but we are still below "normal" levels. As we enter the summer months (which is typically the slowest months in real estate) opportunities will improve for the home seller who is looking to move up or downsize. As demand (buyers) are away and listings increase through May, this offers you the home seller the opportunity to sell at top of the market and buy with less competition. We are starting to see more Seller concessions. Below is a look it how the Portola Hills real estate market performed in April. Search Available Portola Hills Homes As you can see from the above numbers, the community of Portola Hills had some record b