Simi Valley Homes For Sale Inventory Update 5-09

This certainly is a crazy market for Simi Valley Real Estate.  Multiple offers, low inventory prices not moving up, low interest rates, tax credits.  If you want to see where the action is look at the chart below.  The Green line is very important this is how the inventory is pacing with the sales.  It is clear that once we get over the $600,000 price range in Simi the market is very different.

The unsold inventory index is calculated by dividing the inventory by the aver number of homes sold each month and when we break it down by price ranges, the higher we go the worse the news is for home sellers.

The index typically works that less than 5 months supply is a Seller's market, 5-6 months is a balanced market. over 6 months is a Buyer's Market. The Higher end homes in Simi Valley all have over a 13 month supply.

I will have more on Simi Valley homes for Sale at http://www.homebuysblog.com soon.