It seems this year is just flying by, and the data says something similar even though this time of year is when we anticipate more sales and more inventory. Of the 18 cities I track, only 4 had more homes sold compared to last year in May. We still are short of inventory - 9 cities with 1 to 2 months, 7 cities with 2 to 3 months, and 4 cities with 3 months. There were 2 Cities (Diamond Bar & Norco) that had more than 3 months of inventory. Prices are still trending up from last May until now, and 16 cities showed increases (some as high as 28%). Only 2 cities showed a 1% – 2% decrease in sales.
No matter the numbers, the present is always the best time to make a move on the Real Estate Market. Give me a call and let's explore your options and what the economists say about the future!
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