Inventory is slipping....Slightly

January & February sold properties were approx 2,500 each month. As you can see below this has also been on the rise, however inventory has not shown a relative decrease for the increase of sold properties.
No doubt has the market turned upward in the last year as below states inventory has declined over 50% y-o-y. Accompanied with a 19% increase in sales price on average in that same time.

When shopping for a new home with some home buyers, area and price point dependent, I have noticed more and more equity sale properties popping up for sale. I can only speculate that some homeowners that were negative equity a few years ago, are now finding themselves in the black, and taking advantage of the opportunity to downsize or relocate.

Cell: 619-788-8354 

Email: Pete@DamatoRealEstate.com
Web: www.DamatoRealEstate.com

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