It looks like we are continuing to gain inventory. Although sales kept pace with listings last week we listed many more than we sold 2 weeks ago. A glance at the chart below and it looks like our sales numbers were down. While true on the surface, if we factor in the holidays our total activity (both sales and new listings) were on par with recent history.
| Week ending |
Newly Listed |
Back on Market |
Price Increase |
Price Reduction |
Under Contract |
SOLD |
| 29-Jun | 50 | 11 | 1 | 14 | 39 | 50 |
| 6-Jul | 38 | 8 | 2 | 13 | 48 | 32 |
Even with the low inventory this is a fantastic time to buy a home. Interest rates are still VERY low, prices are at or below construction costs, and deals are being made!
1. As a home owner you can purchase a move-up home for a mortgage payment about the same as as your grocery bill!
2. As an investor you can make a minimal down and turn a profit on rent from day one!
Is this the time for you to look into buying that move-up home? We can help you with that. Call 530 315-2808 today to get the facts you need to make an informed decision.
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