Just keeping you informed! Reminder that when I talk about Santa Clarita home sales, I do include Agua Dulce, Acton, Val Verde, and Castaic...even though those communities aren't officially SCV. It's because in selling for the last 21 years, my SCV people have bought in those, and all the traditionally considered neighborhoods, of Santa Clarita Valley.
.jpg)
Yep, a picture is worth a thousand words!
So, let's talk about the differences between the last time I shared this info in January. We have less in the Coming Soon group. Less Active. More in escrow. More Sold in last 30 days. What's that saying? That Sellers are a little leery about listing their home. (Although Leslie and I are working with several Sellers prepping their homes for sale right now.) Shows that buyers were willing to come out and buy....well a few.
But, let's remember what we used to be. What SCV considers a normal, or healthy, market. Which, lordy, I haven't seen in quite some time. Healthy inventory? 800-1200. Healthy number of closed escrows per month? 325. So, we are at about a third to a quarter of inventory amount. And, about half of the normal monthly sales.
Will it change? And, when? Yes, it will....it always does. When? Crystal ball on the timeline here. But, once we get those interest rates down, the market will start blossoming again. I am clueless on when that might happen. Hopefully in 2023 though!
We are here for all your Real Estate needs!
No comments:
Post a Comment