Every so often, the calendar gives us a little extra magic—and May 2026 delivers exactly that.
This month brings a rare double feature in the night sky:
🌼 The Flower Moon on May 1st
🔵 A Blue Moon on May 31st
Two full moons. One month. And a subtle reminder that timing—whether in nature or real estate—can change everything.
🌸 The Flower Moon: Spring at Its Peak
The Flower Moon marks the moment when spring is fully in bloom. Named for the explosion of wildflowers across North America, it’s long been associated with growth, renewal, and momentum.
Sound familiar?
In the Peninsula housing market, this is often when we see:
Listings showing at their absolute best
Buyers re-engaging after early-year hesitation
Momentum building toward late spring activity
🔵 The Blue Moon: A Rare Second Chance
Then comes the encore.
A Blue Moon—defined as the second full moon in a calendar month—lands on May 31st. It’s where the phrase “once in a blue moon” comes from… something a little unexpected, a little rare.
And in real estate terms, it mirrors something we see all the time:
A buyer who missed out early… getting another shot
A seller who waited… and hits the market at just the right moment
A deal that comes together when timing finally aligns
A Local Perspective
Here on the Mid-Peninsula, these moons won’t just be symbolic—they’ll be visible reminders.
Catch them rising over the Bay, glowing just above the hills of Belmont and San Carlos, and you’ll see something we’re always talking about with our clients:
The right moment isn’t always the first moment. But when it arrives—you’ll know.
Final Thoughts
Two full moons in one month are rare. So are perfectly timed opportunities.
Whether you’re watching the skies… or watching the market… May is a month to pay attention. If you’ve been thinking about making a move, we’re always here to help you recognize when your “blue moon” moment shows up.
Helping you make good decisions—when it matters most.
Drew and Christine Morgan are experienced REALTORS and NOTARY PUBLIC located in Belmont, CA, where they own and operate MORGANHOMES, Inc. They have assisted buyers and sellers in their community for over 30 years. Drew and Christine have received the coveted Diamond award, ranking among the top 50 agents nationwide and the top 3 in Northern California by RE/MAX. To contact them, please call (650) 508.1441 or emailinfo@morganhomes.com
For all you need to know about Belmont, subscribe to this blog right here. You can also follow us on Facebook and on X.
This article provides educational information and is intended for informational purposes only. It should not be considered real estate, tax, insurance, or legal advice; it cannot replace advice tailored to your situation. It’s always best to seek guidance from a professional familiar with your scenario.
Perched above the Peninsula, this is not a home that whispers—it unfolds. Light, air, and horizon become part of the architecture, with sweeping views from the San Francisco Bay to Mt. Diablo, shifting from crisp morning clarity to a warm evening glow.
An inviting front patio entry creates a sense of arrival before the home reveals itself in a series of thoughtfully designed spaces. A gracious reception room offers a moment to pause, then opens to a grand living room where walls of glass frame cinematic views and draw the outdoors in.
The multi-level perimeter decking doesn’t simply wrap the home—it enhances the living experience. Each vantage point extenuates with views that evolve throughout the day, offering distinct settings for morning coffee, afternoon gatherings, and evenings under an open sky. A level rear yard with mature rose bushes offers a softer, more relaxed outdoor retreat.
Five generously proportioned bedrooms and three updated full baths, two private ensuites—one on the main level—provides flexibility for guests, extended living, or changing needs. The galley-style kitchen and dining area balance efficiency with warmth and features a KitchenAid® five-burner glass cooktop, Broan® Rangemaster stainless hood, GE® TrueTemp self-cleaning oven, LG® dishwasher, and GE®stainless French door refrigerator—all designed for reliable everyday performance.
Interior features include recessed lighting and real wood parquet flooring, adding texture and continuity. Additional amenities include a distinctive slate-style roof, a two-car attached garage and included washer/dryer. ADU potential on the lower level.
Moments from downtown San Carlos and Belmont, the location offers easy access to a vibrant mix of dining, shopping, commute routes and daily conveniences. With approximately 3,148 sq. ft. of living space on a 7,000 sq. ft. lot, it is also within the boundaries of Carlmont High, a California Distinguished School.
This home balances presence with practicality.
Stunning views of the San Francisco Bay and Mt. Diablo
Generous five bedrooms, including two ensuites
Three updated full baths
Multi-level perimeter decking with breathtaking views
Enticing patio entrance
Gracious reception room
Grand living room with stunning views
Galley-style kitchen adjacent dining room
KitchenAid® Five-Burner glass stovetop
GE® True Temp self-cleaning oven
LG® Dishwasher
GE® stainless French door refrigerator
BROAN® Rangemaster stainless hood
Recessed lighting
Parquet hardwood flooring
Large level rear yard area studded with mature rose bushes.
In a move that has already begun circulating among local homeowners, the Belmont City Council is reportedly exploring a new proposal aimed at addressing what officials are referring to as “view equity.”
According to early discussion drafts, the concept centers around a potential “View Impact Fee” that would apply to homes benefiting from partial or panoramic views of the San Francisco Bay.
The rationale? Properties with premium outlooks, particularly those capturing unobstructed Bay and Mt. Diablo views, are seen as receiving a “disproportionate benefit from shared natural resources.”
How It Would Work
While still in the exploratory phase, the proposal outlines a tiered structure:
Tier 1: Glimpses of the Bay
Tier 2: Partial Bay views
Tier 3: Panoramic or unobstructed views
Annual fees would reportedly scale based on view classification, with funds allocated toward:
“Community aesthetic enhancements”
Tree canopy management programs
Public viewpoint improvements
The “View Equity” Argument
A council subcommittee is said to be evaluating how to “balance access to scenic resources” across neighborhoods.
One early draft reportedly states:
“While views are inherently tied to location and topography, the broader community contributes to the preservation and desirability of these assets.”
What This Could Mean for Homeowners
Although no formal vote has been scheduled, the concept has already sparked quiet conversations—particularly among homeowners in Belmont’s hill neighborhoods, where views are a defining feature of property value.
Some are questioning how views would be measured, how frequently classifications would be reassessed, and whether improvements (such as tree trimming or second-story additions) could impact a home’s “view tier.”
Early Takeaway
At this stage, the proposal remains informal and under review. However, it highlights an ongoing theme in Peninsula communities—how to balance property rights, natural assets, and neighborhood equity.
Oh, and Happy April Fool’s day neighbors…😉
All the Best,
About the Authors
Drew and Christine Morgan are the founders of MorganHomes, their independent brokerage based in Belmont. They also maintain a strategic affiliation with RE/MAX GOLD, combining the flexibility of an independent firm with the resources of one of the largest real estate networks.
As longtime Belmont residents and real estate professionals with more than 30 years of experience, they have helped generations of local families buy, sell, and make smart real estate decisions. Drew is also a Notary Public, providing additional convenience and support for clients when it matters most.
Their consistent performance has earned them RE/MAX’s prestigious Diamond Award, placing them among the top agents nationwide and among the top performers in Northern California.
If you have questions about the Belmont market or would like to discuss your situation, you can reach them at (650) 508-1441 or info@morganhomes.com.
For ongoing insights about Belmont real estate, local market trends, and community updates, you can subscribe to this blog or follow MorganHomes on Facebook and X.
Disclaimer
This article is provided for educational and informational purposes only. It is not intended as real estate, legal, tax, or insurance advice. Because every situation is unique, we recommend consulting with a qualified professional, like us, to understand your specific circumstances.
As we move into the second quarter of 2026, we’ve been getting a lot of the same question:
The honest answer is—no one can predict it with certainty. But we can look at patterns, buyer behavior, and what we’re seeing on the ground to get a pretty good sense of where things are headed.
A Market Facing More Uncertainty
There’s a lot going on right now that’s influencing how people feel about making big decisions:
Interest rates have moved higher
The cost of goods and services continues to rise
There’s more global uncertainty than we’ve seen in a while
The job market is shifting
And consumer confidence, which had been improving, is starting to soften
Any one of these on its own doesn’t change the market much. But when they all show up at once, people tend to take a step back.
How Buyers Typically React
In times like this, most buyers don’t panic—they pause.
Instead of rushing in, they take more of a “wait and see” approach:
They become more cautious
They look more closely at value
They’re less willing to stretch beyond their comfort zone
In other words, the most aggressive buyers start to step back first.
What This Means for the Market
So what does that look like in real life?
You’ll likely see fewer bidding wars. Instead of 10–15 offers, it may be more like:
2–5 offers on strong homes
And sometimes just one solid, well-qualified buyer
At the same time, buyers become more selective.
Homes that are:
Well-priced
Move-in ready
In strong locations
…are still going to do well.
Homes with trade-offs—or pricing that feels a little too aggressive—may take longer to sell.
And overall, price growth tends to slow. Not necessarily decline dramatically—but level off or adjust modestly.
The “Flight to Stability” Effect
There’s also another dynamic worth mentioning.
In uncertain times, some buyers actually lean into real estate. They’re looking for:
Stability
Something tangible
A long-term place to land
But even these buyers tend to be more thoughtful. They’re not the ones overpaying—they’re looking for value.
Why the Bay Area Is a Little Different
The Bay Area has always had some built-in support:
Limited housing supply
A strong base of high-income buyers
Long-term demand for homeownership
That doesn’t make it immune to change—but it does tend to prevent more dramatic swings.
What We Expect Moving Through Q2
If current trends continue, the most likely scenario is a more balanced, selective market.
Buyers are still there—but more cautious
Competition still happens—but not as consistently
And pricing becomes more important than ever
The margin for error just gets smaller.
What This Means for Sellers
For sellers, this doesn’t eliminate opportunity—it just changes the approach.
The homes that are performing best right now are the ones that:
Are priced strategically from the start
Show well and feel move-in ready
Line up with what buyers are expecting today
Where we’re seeing challenges is when homes:
Start too high
Rely on past peak comps
Or assume buyers will stretch the way they did before
That’s where momentum can get lost.
The Wrap
The housing market isn’t disappearing—it’s becoming more disciplined.
And in markets like this, the difference between an average result and a strong one usually comes down to:
strategy, positioning, and timing.
Frequently Asked Questions
Why are homes getting fewer offers?
Is the Bay Area housing market slowing down in 2026?
Are home prices expected to drop?
Is now a good time to sell in Belmont?
Drew and Christine Morgan are experienced REALTORS and NOTARY PUBLIC located in Belmont, CA, where they own and operate MORGANHOMES, Inc. They have assisted buyers and sellers in their community for over 30 years. Drew and Christine have received the coveted Diamond award, ranking among the top 50 agents nationwide and the top 3 in Northern California by RE/MAX. To contact them, please call (650) 508.1441 or emailinfo@morganhomes.com.
For all you need to know about Belmont, subscribe to this blog right here. You can also follow us on Facebook and on X.
This article provides educational information and is intended for informational purposes only. It should not be considered real estate, tax, insurance, or legal advice; it cannot replace advice tailored to your situation. It’s always best to seek guidance from a professional familiar with your scenario.
Recently, we were contacted by two families who had inherited their parents’ homes after the passing of the surviving parent. Unfortunately, in both situations, they had not spoken with a real estate professional beforehand, and it appears their attorney may not have been fully up to date on the newer rules.
Both families intended to move into the homes they inherited. However, because certain steps required under California’s Proposition 19 were not completed in time, the properties were reassessed to the current market value for property tax purposes.
As a result, these families—who otherwise would have been able to move into their parents’ homes and retain a much lower tax base—are now facing significantly higher property taxes. In some cases, increases like this can be financially overwhelming, leaving heirs with the difficult choice of either paying the new, higher property tax or selling the property despite wishing to reside in the home.
We felt this was important enough to bring to people’s attention, as these rules can have a major impact on families inheriting property in California. Understanding the requirements ahead of time can help prevent costly surprises and ensure that the available benefits are preserved.
How Proposition 19 Affects Children Inheriting Their Parents’ Property
California’s Proposition 19 significantly changed how property taxes are handled when children inherit real estate from their parents.
For decades under Proposition 58, children could inherit property and keep the parent’s low property tax base—even if the home became a rental or second home. Proposition 19 narrowed those rules considerably.
If a child inherits a parent’s home, the property tax base can only be preserved if three conditions are met:
1. The home must become the child’s primary residence. The child must move into the property and claim the Homeowners’ Exemption. If the home is kept as a rental, second home, or investment property, it will generally be reassessed to current market value.
2. The tax base transfer now has a limit. The inherited property can keep the parent’s tax base only up to $1,000,000 above the parent’s assessed value. If the home’s market value exceeds that threshold, the amount above the limit is added to the property’s taxable value.
3. The claim must be filed within one year. The heir must file the parent-child exclusion claim with the county assessor within one year of the transfer (usually the date of death). If this deadline is missed, the property may be reassessed to the current market value, which can significantly increase the property taxes.
➡︎ This is where many people make costly mistakes. Some heirs never file the claim at all, others miss the one-year deadline, and many confuse it with the two-year window that applies when homeowners transfer their own tax base to a replacement home(see that rule below), under Proposition 19. Understanding the difference is critical to preserving the lower property tax base.
Why This Matters
Many California homeowners purchased their homes decades ago, meaning their taxable value may be far below current market prices. Under Proposition 19, heirs must now decide whether to move into the property, sell it, or accept a potentially large increase in property taxes.
For families planning estates—or for heirs inheriting property—understanding these rules is critical to avoiding unexpected tax consequences.
Another important provision of Proposition 19 allows certain homeowners to transfer their existing property tax base to a new home when they sell their current one.
Homeowners who are 55 or older, severely disabled, or victims of a natural disaster may transfer the taxable value of their current residence to a replacement home anywhere in California. This can significantly reduce property taxes when downsizing or relocating.
To qualify, the replacement home must be purchased or newly constructed within two years of selling the original property.
After purchasing the replacement property, the homeowner should file the Base Year Value Transfer Claim with the county assessor. While the claim can typically be filed up to three years after purchasing the replacement home, filing sooner ensures the tax benefit is applied from the beginning of ownership.
Understanding these timing rules can help homeowners preserve substantial property tax savings when moving to a new home.
Proposition 19 has introduced rules that many families are still learning about—often after the fact. As we’ve seen recently, missing a deadline or not understanding the requirements can lead to property tax increases that could have been avoided with a little planning.
If you or someone in your family may be inheriting a property, or if you are considering selling and transferring your tax base to another home, taking a few minutes to understand the rules ahead of time can make a meaningful difference. If we can ever be a resource to help clarify how these changes may affect you, we are always happy to help.
Drew and Christine Morgan are the founders of MorganHomes, their independent brokerage based in Belmont. They also maintain a strategic affiliation with RE/MAX GOLD, combining the flexibility of an independent firm with the resources of one of the largest real estate networks.
As longtime Belmont residents and real estate professionals with more than 30 years of experience, they have helped generations of local families buy, sell, and make smart real estate decisions. Drew is also a Notary Public, providing additional convenience and support for clients when it matters most.
Their consistent performance has earned them RE/MAX’s prestigious Diamond Award, placing them among the top agents nationwide and among the top performers in Northern California.
If you have questions about the Belmont market or would like to discuss your situation, you can reach them at (650) 508-1441 or info@morganhomes.com.
For ongoing insights about Belmont real estate, local market trends, and community updates, you can subscribe to this blog or follow MorganHomes on Facebook and X.
Disclaimer
This article is provided for educational and informational purposes only. It is not intended as real estate, legal, tax, or insurance advice. Because every situation is unique, we recommend consulting with a qualified professional, like us, to understand your specific circumstances.
Belmont Housing Market: A Little More Choice — But Still Moving Fast
We’re about two-thirds of the way through the first quarter of 2026, and the early read on the Belmont housing market is coming into focus.
Inventory has opened up modestly. So far this year, 39 homes have come to market, compared with 34 during the same period last year — about a 15% increase. Currently, there are 31 properties in the pipeline, including 19 active listings available to buyers and another 10 “coming soon” homes preparing to enter the market. Eight properties are already pending.
At first glance, the increase in listings appears to be good news for buyers. And to a degree, it is — there are slightly more choices than there were a year ago.
But the market’s pace tells a more important story.
Homes that are going pending are averaging just nine days on the market. That’s a clear signal that new inventory is being absorbed quickly. In fact, the buyers we’ve represented this year have still found themselves in highly competitive situations. On the last two homes we pursued, each drew roughly 15 offers.
That combination — more listings, but very fast absorption — suggests that demand remains strong and pricing pressure is holding firm. If the market were softening, we would expect to see homes sitting on the market longer, more price reductions, and fewer competing offers. So far, none of those conditions are showing up in the data.
It’s still early, and there haven’t been enough closed sales yet to draw firm conclusions about pricing trends for 2026. But the early indicators point to a market that remains still seller-leaning, with motivated buyers acting quickly when well-prepared homes come to market.
The takeaway: Belmont buyers may have a few more options this year — but the window to act is still short, and competition hasn’t gone away.
What this means for you depends on your timing and your strategy. If you’re thinking about buying or selling in Belmont this year, the early trends suggest preparation and positioning matter more than ever. Sellers need to price and present their homes correctly to capture today’s fast-moving demand, and buyers need a clear plan to compete when the right property appears. If you’d like a quick, no-pressure review of your home’s current value, or a strategy session to understand your options in today’s market, feel free to reach out. We’re always happy to share what we’re seeing locally and help you make informed decisions about your next move.
About the Authors
Drew and Christine Morgan are the founders of MorganHomes, their independent brokerage based in Belmont. They also maintain a strategic affiliation with RE/MAX GOLD, combining the flexibility of an independent firm with the resources of one of the largest real estate networks.
As longtime Belmont residents and real estate professionals with more than 30 years of experience, they have helped generations of local families buy, sell, and make smart real estate decisions. Drew is also a Notary Public, providing additional convenience and support for clients when it matters most.
Their consistent performance has earned them RE/MAX’s prestigious Diamond Award, placing them among the top agents nationwide and among the top performers in Northern California.
If you have questions about the Belmont market or would like to discuss your situation, you can reach them at (650) 508-1441 or info@morganhomes.com.
For ongoing insights about Belmont real estate, local market trends, and community updates, you can subscribe to this blog or follow MorganHomes on Facebook and X.
Disclaimer
This article is provided for educational and informational purposes only. It is not intended as real estate, legal, tax, or insurance advice. Because every situation is unique, we recommend consulting with a qualified professional, like us, to understand your specific circumstances.
Many people feel Proposition 19 was “snuck in” or that voters didn’t fully realize what they were agreeing to. Ever since it passed, there’s been a lot of confusion and frustration. The takeaway is that it’s essential to really understand what’s on the ballot before casting a vote.
The part that confuses most people is who Prop 19 actually impacts. The truth is, it mainly affects people who inherit a home but don’t plan to live in it themselves.
How Prop 19 Works for Inherited Homes
If You Move In
If you inherit a family home and make it your primary residence, you can keep the low property tax base your parent or grandparent had.
But there’s a limit: if the market value is more than $1 million higher than the old taxable value, the amount above that gets added to your new tax base.
Example: If the old taxable value was $300,000 and the home is worth $1.6M when transferred, the new taxable value becomes $600,000. Unaffordable? Remember, these inherited homes typically come with no mortgage payment.
If You Rent It Out
If you inherit a property and don’t live in it (for example, you turn it into a rental), it’s reassessed at full market value. That means you lose the lower tax base your parent or grandparent had.
Why the change? It comes down to trade-offs. Prop 19 gave homeowners a valuable new benefit: the ability to transfer their low property tax base to any location in California when they move. However, to offset the cost, the state decided that heirs who use inherited property as an investment—not as a primary home—should pay property taxes based on today’s market value.
Put simply, if you live in the home, you retain most of the old exclusionary tax break. If you turn it into an income property, the state treats it like any other investment. While it may feel harsh, the intent was to make the system fairer by ensuring investors pay their share, while still protecting families who truly keep the home as their residence.
Prop 13 vs. Prop 19: Key Differences
Feature
Proposition 13 (1978)
Proposition 19 (2020)
Property Tax Rate
Capped at 1% of assessed value
Still capped at 1% (Prop 19 did not change this)
Annual Increases
Assessed value can rise max 2% per year
Same 2% cap applies
Reassessment Trigger
Reassessed at market value when sold or newly built
Heirs could keep the low tax base on homes (and sometimes rentals) without limits
Heirs can keep the low tax base only if they move in and use it as their primary residence. If rented out, reassessed at market value
Value Limit for Inherited Homes
No value limit; heirs kept original tax base regardless of property’s market value
Tax base is kept only up to $1 million above the original assessed value (adjusted for inflation). Anything over is added to the tax base
Moving Low Tax Base to a New Home
Only allowed for people 55+ or disabled, and only within the same county (or limited counties)
Homeowners 55+, disabled, or wildfire victims can transfer their low tax base anywhere in California up to 3 times
Overall Goal
Keep property taxes stable and predictable for long-term owners
Expand portability of tax savings for older/disabled homeowners, while limiting tax breaks on inherited investment properties
Drew and Christine Morgan are experienced REALTORS and NOTARY PUBLIC located in Belmont, CA, where they own and operate MORGANHOMES, Inc. They have assisted buyers and sellers in their community for over 30 years. Drew and Christine have received the coveted Diamond award, ranking among the top 50 agents nationwide and the top 3 in Northern California by RE/MAX. To contact them, please call (650) 508.1441 or emailinfo@morganhomes.com.
For all you need to know about Belmont, subscribe to this blog right here. You can also follow us on Facebook and on X.
This article provides educational information and is intended for informational purposes only. It should not be considered real estate, tax, insurance, or legal advice; it cannot replace advice tailored to your situation. It’s always best to seek guidance from a professional familiar with your scenario.
Things happen four times a year, whether you notice them or not—and odds are, you’ve just lived through one without even realizing it. We’re talking about the winter and summer solstices and the spring and fall equinoxes. If you’re around 50 years old (and have managed to stay on this planet the whole time), congratulations: you’ve racked up about 200 of these cosmic milestones… and may still have no idea what just happened.
Curious? You should be! The equinoxes—from the Latin aequus (equal) and nox (night)—are the moments when day and night share a truce, giving us almost equal daylight and darkness. Easy to remember, right? Meanwhile, the solstices—from sol (sun) and sistere (to stand still)—mark the Sun’s “pause button” in the sky, creating either the longest day or the longest night of the year.
So the next time you’re marveling at how dark it gets at 5 p.m. or why the sun won’t set until after dinner, remember: you’re not just annoyed at daylight savings—you’re witnessing an ancient celestial event. ????????
Drew and Christine Morgan are experienced REALTORS and NOTARY PUBLIC located in Belmont, CA, where they own and operate MORGANHOMES, Inc. They have assisted buyers and sellers in their community for over 30 years. Drew and Christine have received the coveted Diamond award and ranked among the top 50 agents nationwide and the top 3 in Northern California by RE/MAX. To contact them, please call (650) 508.1441 or emailinfo@morganhomes.com.
For all you need to know about Belmont, subscribe to this blog right here. You can also follow us on Facebook and on X.
This article provides educational information and is intended for informational purposes only. It should not be considered real estate, tax, insurance, or legal advice; it cannot replace advice tailored to your situation. It’s always best to seek guidance from a professional who is familiar with your specific scenario.
Here’s a clear breakdown of what’s happening in the San Mateo County (SMC) housing market from 2024 to 2025 based on data from the MLS for Q1.
Key Highlights:
New Listings: Up 16.7% — more sellers are entering the market.
Homes Sold: Barely up (+2.6%) — demand is steady but not surging with the new supply. This increases the Inventor levels as buyers are uncertain about the economic future.
Inventory: Up a big 57.8% — supply has increased significantly. Bidding wars are waning. This will slow the rate of home appreciation.
Average Days on Market (DOM): Down 11.1% (from 27 to 24 days) — homes are selling slightly faster despite higher inventory, suggesting continued demand.
Prices & Valuation:
Average Sale Price: Up 6.7% ($2.44M ➡️ $2.61M) — strong upward pressure on prices.
Median Sale Price: Up 4.7% ($1.91M ➡️ $2M) — supporting the trend that the broader market, not just luxury homes, is appreciating.
Median $/SqFt: Up 3% — price growth per square foot is solid but more moderate, suggesting that larger homes might be contributing to the higher overall sale prices.
% List Price Received: Up from 104% ➡️ 107% — buyers are paying even more over asking, indicating competitive offers remain.
Volume & Sizes:
Total Sale Volume: Up 9.4%—Higher prices and slightly more sales have lifted the total dollar volume since sales only increased 2.6%.
Average Home Size: Up 2.5% (2055 to 2107 sqft) — larger homes selling might be nudging up average prices. If the average home price went up 6.7 % but 2.5% of that was due to larger homes selling, a YOY average sale price percentage would be reduced to 4.2%.
Market Dynamics:
Months of Inventory: Up 57.1% (from 1.4 to 2.2 months) — still a seller’s market (under 3 months), but it’s becoming more balanced due to buyer jitters.
Summary Insight:
The SMC housing market in 2025 looks like it’s in a hot but slightly more balanced phase:
Supply has risen sharply, but demand is keeping pace (homes are selling faster, prices are up, and bidding is competitive, just not as much so).
The increase in larger home sales might be boosting both the average sale price and the sales volume.
Inventory is building, which could give buyers slightly more leverage in the coming months if the trend continues.
Fed. interest rates remained unchanged.
Commentary: With all the uncertainty around tariffs, buyers are taking the classic “wait-and-see” approach — emphasis on the wait. One thing they’re sure of? Their stock portfolios took a hit… but hey, it’s only a loss if they cash out to buy that house, right? Yet another reason to stay on the sidelines a little longer and let the dust (and the Dow) settle.
The Risk Reward? Buy now while prices are climbing a little and bidding wars are catching their breath — or wait with the crowd for “more certain times” and join the stampede when the bidding starts up full throttle again.
Drew and Christine Morgan are experienced REALTORS and NOTARY PUBLIC located in Belmont, CA, where they own and operate MORGANHOMES, Inc. They have assisted buyers and sellers in their community for over 30 years. Drew and Christine have received the coveted Diamond award and ranked among the top 50 agents nationwide and the top 3 in Northern California by RE/MAX. To contact them, please call (650) 508.1441 or emailinfo@morganhomes.com.
For all you need to know about Belmont, subscribe to this blog right here. You can also follow us onFacebook and onTwitter.
This article provides educational information and is intended for informational purposes only. It should not be considered real estate, tax, insurance, or legal advice; it cannot replace advice tailored to your situation. It’s always best to seek guidance from a professional familiar with your scenario.
