The market has stalled a bit here in So Cal. But, it is freaking ridiculously hot, could that be it? People would sure as heck rather be in the ocean, lake, or pool than sweating it out looking for a home...right? I sure would be!
At any rate, just keeping you informed. I am including Acton, Agua Dulce, Santa Clarita, Canyon Country, Saugus, Valencia, Newhall, Stevenson Ranch, Castaic, and Val Verde in these numbers.
Currently we have 773 active listings.
(FYI, that's some tennis shoe apparently!)
In escrow? 453.
Closed in the last 30 days, the number hit 343.
Adding to that information is that I'm seeing quite a few more reductions in list prices. Of course, when the inventory goes up...so does the competition.
I talked with a couple of associates recently, they are seeing a lull in buyer activity too.
I'm happy that the inventory is growing. BUT, as hard as the market was when it crashed....wanna know what's even harder?
A balanced market. Where listings take a couple months to sell and sellers are frustrated. Where Buyers have more to choose from so take longer to choose.
I'm READY for it!
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