Inventory is Up. Rates Are High. Here’s How Sellers Are Winning in Bakersfield, CA!

Inventory is Up. Rates Are High. Here’s How Sellers Are Winning in Bakersfield, CA!

The current market is a lot to navigate, especially with rising mortgage rates and shifting home prices. If you’ve been wondering, “Should I sell now? Should I refinance? Or should I wait it out?”—you're not alone.

As the top real estate team in Bakersfield, we’re seeing firsthand how sellers are still thriving, even with these challenges. Here’s how they’re doing it and how we can help you do the same!

🏡 Inventory is Rising: What the Data Shows

Here’s the good news for sellers in Bakersfield, CA:

• Active Listings Are Up — According to Realtor.com, active listings in Bakersfield and across the country rose by 31.5% year-over-year, reaching 1.04 million homes. This is the highest level since July 2020.

• More Options for Buyers — While inventory is up, the months of supply (how long it would take to sell all the homes on the market) increased to 4.4 months in April, up from 4.0 months a year ago. This means we're edging closer to a more balanced market.

• Price Reductions Are Happening — Zillow reports that 26% of listings saw price reductions in May, especially in major metros like Bakersfield. However, the cooling of home values creates an opportunity for you to act quickly before further shifts happen.

📉 What About Interest Rates in Bakersfield?

Mortgage rates are currently hovering around 6% and are expected to remain higher for a while. While this can feel discouraging, savvy sellers are using seller concessions rather than reducing their home prices to help buyers with their monthly payments. This allows you to keep your home price intact while making it more affordable to potential buyers.

If you’re planning to sell in Bakersfield, our team specializes in creating strategies to minimize the impact of high rates and help your home stand out in a competitive market.

🎯 Thinking of Selling? Here's How Our 100+ Point Home Marketing Plan Helps

Are you considering selling in 2025 or even sooner? Let us show you how we leverage a 100+ point marketing plan to give your property the attention it deserves, ensuring a successful and profitable sale. We’ve helped over 1,400 homeowners navigate challenging markets and sell for top dollar. 

🔄 Refinance Opportunities Are Still Available

Even with higher rates, refinancing may still make sense—especially if you’re carrying high mortgage insurance or want to explore options like FHA or VA streamlines, which can lower monthly payments and simplify loan terms.

💬 How We Can Help You Sell Your Home

Wondering what your next steps should be? Here's how we can help:

✅ Price Concessions vs Price Reductions: Curious about how price concessions can make your home more affordable to buyers compared to a simple price cut? We’ll break it down for you.

✅ Refinance Options: Thinking about refinancing before you sell? We can help you explore your options and determine if it makes sense for you.

✅ Need a Second Opinion?: Not sure about your home’s current market value? Reply back, and we’ll provide a custom strategy tailored to your needs and goals.

Let’s work together to make sure you get the best results in this shifting market. Reach out today, and we’ll help you navigate your next move in Bakersfield’s real estate market. CLICK HERE to find out what your home is worth in today's market! 

Linda Banales🏡
Broker Associate
Cal DRE 01172638
661-303-5401
Bakersfield Real Estate Group
Watson Realty
Hablo Espanol
Realtor since 1993
Over 1,400 Home Sold 
https://lindabanales.bakersfieldishome.com/
Let's get social! IG @lindabanalesrealtor