Good Morning! Housing inventory is still extremely low, but it has gone up 20% in the last couple of months in our pretty valley.
As a reminder, I include: Acton, Agua Dulce, Canyon Country, Saugus, Newhall, Valencia, Stevenson Ranch, and Castaic. They aren't all part of the incorporated SCV, but they do get 'shopped' by home buyers looking in SCV.
I ran these numbers late last night. I was actually kind of surprised by the number of Coming Soon at 19. They'd been hovering under 10 for a few months.
The Active (Available in the picture above) are at 296. Mid June they were 228. Beginning of May, they were 241. So, yes, up 20%. But, still remarkably low.
In escrow is 287. And, Sold (Closed in the picture) in the last 30 days is 224.
I will tell you that my team has 3 new listings. One that just hit yesterday, 2 more in the 'getting ready' stages. We were pretty quiet for a couple of months, then poof, 3 Sellers said they were ready to sell. Not surprisingly, all 3 are leaving SCV. One out of state, one is actually 75% gone already, the 3rd is moving to another city.
Why is inventory so low? It's been low for a few years. For many reasons of course. Right now, I truly believe it's the interest rates. If Sellers want to sell and Buy a replacement property, it's a tough pill to swallow to go from a 3.5% interest rate to an almost 7% rate. The 3 we have are going to be cashing out. Not rebuying with a loan either. So, those make complete sense.
If you have questions, just holler. We're happy to help.
This is the one that just hit the market!
28377 Connie Court, Santa Clarita, CA 91387
Listed at $649,999
Lauren Witz Greber
Realty Executives Homes
(661) 313-5470 - cell
Leslie Babikan
Keller Williams VIP Properties
(661) 312-3669 – cell
Jennifer Herring
HomeSmart Evergreen
(661) 435-0935 - cell
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