MLS Stats for Santa Clarita Valley July 19, 2013

Interest rates are up, inventory is up.....yep. Sellers need to be more cautious with their listing pricing.

Again, I include Acton and Agua Dulce in these stats. Along with Canyon Country, Saugus, Newhall, Valencia, Stevenson Ranch, and Castaic.

ACTIVE:

440 Active Listings. That's 20% more than just a month ago
Only 37 are Short-Sales
Only 17 are REO's

PENDING/BACK-UP Status:

724. Almost 100 less than a month ago. Yep, weeding thru the last of the Short-Sales...hopefully.
302 of those are Short-Sales
33 are REO's

SOLD in the last 30 days:

354. That's a smidgen more than last month.
75 were Short-Sales
only 13 were REO's.

One thing I love about Real Estate, it is ever changing. You've got to be in it for the long haul!

I'm adding a link here to an article about rising rates and historically what it's done to housing:

What Does History Say About Rising Rates?

It's worth the read!