As you can see, inventory jumped a bit in October, but still is way below what it was a year ago. Lower-priced homes are beginning to see good sales and some multiple offers. Investors are coming back into the market, and most people seem to realize that we are not going to see lower interest rates than we have now, for years if ever.
Average price per square foot is up as well, and there was a strong increase in the price asked/price sold for ratio. We were not hit as hard by the falling market as other areas in CA (or even in the county), so we have a smaller, somewhat slower recovery (less to recover from). Things look as if the buyers' market is beginning to fade and normalization is slowly occurring.
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