Silicon Valley towns in California show rising inventories and lower prices on homes, making it a good time to buy before the next tech boom, say local Realtors.

"This is a good time to buy in beautiful Palo Alto," says Realtor Tariq Afeeqi, "It seems that prices are going to be stable. Interest rates are low, so the buying environment is very conducive to enter the Palo Alto market.

Afeeqi advises, "It is a good time to sell too, because the predictions are that the next few years will not see much price appreciation like we had seen in the late 90's. So, waiting may not be the right approach."

Says Realtor Ruth Ow, "Santa Clara County sales and inventory are increasing as we swing into spring. Inventory is up 46 percent over last March, and sales are down 26 percent year-over year and up 38 percent from last month. Palo Alto total single family homes for sale are 124 by April, 1 2003. Average listing price is $1,662,274. There were 25 houses sold in March."

Suggests Ow, "The housing market is getting into the best season of the year. If you need to sell your property in this year do not wait, list it now."

"It's an exciting time to buy a home in Santa Clara," confirms Realtor Harvey Yamanaka. "As of February, there are 176 single family homes available (86 new listings) selling at an average price of 520K, averaging 79 days on the market. There are 131 Condo/Townhouses available (69 just listed), selling at an average price of 363K, averaging 62 days on the market. Santa Clara is the heart of Silicon Valley where cutting edge technology is created every day."

He adds, "Interest rates are at 30-40 year lows, prices have stabilized, and the selection of homes is a good as it's been in years. Homes that are priced right are still selling but they must be perceived as good values. The typical buyer is very selective about what they want, however when that right home comes on the market at the right price, it sells very quickly."

Realtor Sylvia Burton says, "There is a lot of inventory now and more selection. Buyers are taking their time to decide, and are negotiating prices. They have many choices. Sellers who want to sell would be well advised to price their home aggressively and prepare it for market so it will be noticeable above the competition. Since the first of the year there has been more activity. Many buyers just can't ignore the low interest rates. However, they are still negotiating hard and trying to get a good deal."