Rosemont and College Greens 2 year review

Here is a statistical 2 year review of the 95826 (Rosemont, College Greens, Glenbrook). The first graph show the number of homes for sale vs. the number of sold homes and also indicates the pending (in escrow) homes as well. This next graph shows how the average Cumulative Days on Market have decreased while the percentage of sales price has increased in relation to the list price. Many homes right now, due to the lack of inventory are selling in a few days, for over list price with multiple offers. As you can see, the number of homes for sale has dramatically decreased over the last two years. This show how the neighborhood has transformed from a buyers market to a sellers market in that time period. The number of sales have been increasing during that time as buyers realize the market has bottomed out. This next graph shows how the inventory has gone from buyers market to sellers market. Traditionally, a “normal” market is defined by Six months of inventory. Anything above a buyers market, below a sellers market. Well, as you can see we are down to 3 months of inventory. Definitely a sellers market in the neighborhood right now.