It is interesting because it is feeling as though we are experiencing a slowing in the San Carlos real estate market, but the absorption rate numbers for the month of October in San Carlos were good. However, inventory is relatively high at 68 single family homes on the market in San Carlos. A year ago we had about 10 fewer homes on the market in San Carlos. My impression is that buyers are sitting on the sidelines right now and that there are going to be many that activate in the beginning of 2011, making for an active market in the early part of the year that will continue on through the typical busy Spring market. Buyers who buy between now and the end of the year are going to score deals that those who delay until the new year are not going to get. That's my prediction.
You say "stop predicting Val and give me the numbers"? Here they are..
28 single family homes listed in San Carlos in October
23 single family homes sold in San Carlos in October
That's it for now from Val, the San Carlos real estate data gal!
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