Inventory Up, Ever so Slightly

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Inventory was up a meager 4.6% in March from January. Year-over-year, inventory was off 56.6%.

The lack of inventory has created a raging sellers’ market, and yet, most homeowners are staying on the sidelines.

If they sell, then they’ll be in this uber-competitive market and have to pay a premium for their next home. The only winners are those homeowners who are planning on moving out of the area.

Demand is so high, that most properties are getting multiple offers with sellers taking the offers that are all-cash with no contingencies.

Until inventory increases, this market will continue.

To read the full report: http://hartland.rereport.com/

 

Santa Clara County Price Differences

from January 2012 & Peak & Trough

Homes: detached

YTD

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