Things are looking brighter and the market is getting stronger.
Mentioned a number of times is the jack-in-the-box scenario that is forming now.
Listings have decreased significantly over the last 18 months (from 5,250 in November 10,2007 down to 2,069 as of May 23, 2009: approximately a 50% decrease).
Sales in Ventura County have increased 32% in 2009 compared to the same comparable period of 2008.
This year there have been 2,852 sales for the period January 1 through May 23, 2009; for the same period in 2008, there were 2,161 sales.
There is a squeeze occurring. We have a commodity (homes) and there is a pent up demand for this commodity and as soon as the jack-in-the-box is opened prices will accelerate big time.
For complete article go to: www.venturacountyretalk.com
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