Housing Inventory

05 Aug

Existing Home Sales Weekly data

http://www.calculatedriskblog.com/2014/08/weekly-update-housing-tracker-existing.html

We crossed over the 2012 numbers.  2012 is when the vigorous price increases started.  I personally believe inventory will increase much more than the pundits predict.  I guess I’m a pundit?  Also – on the street inventories in the North County Coastal area’s are increasing yet strong sales are occurring for properties priced correctly.  If you’re neighbor sold for $790K and you are above $800K and do not have a valid reason, better location, renovated to the nines, you still may not get it….