I've got no INVENTORY, YES I DO, I've got NO Inventory, HOW about YOU?

Real Estate Broker/Owner with Crown Key Realty, Tracy & Mountain House Real Estate 01490605

I've got no INVENTORY, YES I DO, I've got NO Inventory, HOW about YOU? How about you?

I know you've heard it before, but here in Tracy & Mountain House, CA this is a snap shot from the last 2 days of what has come on the market. 

Look at the number of homes that have come on the market the past 2 days, then look at how many have gone pending (Short sale that have been waiting for months) and the SOLDS.

The number of houses available for buyers is dwindling fast.  Have we hit bottom... for now we have.


Monday Screen Shot of Houses                          Homes for sale in tracy on Tuesday 9/25

MONDAY                                                                         TUESDAY

Interest rates are at historic lows, prices are still low 1990 prices, but there is nothing to buy!


Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Ginger Harper 09/26/2012 12:29 AM
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California San Joaquin County Tracy
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Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota Real Estate Expert

Wow, that is amazing to see so many pending and few new listings.

Sep 26, 2012 12:26 AM #18
Ginger Harper
Coldwell Banker Sea Coast Advantage - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

We still have plenty of Inventory. I think that the reason is because we still have over priced listings. The foreclosures, bankruptcy and short sales have kept our market low.

WE need more time to sell these properties and get them out of our inventory.

Sep 26, 2012 12:30 AM #19
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

this is the challenge fro 2013 for all of us. .if you are not focusing on solving it. . you are in peril

Sep 26, 2012 12:31 AM #20
Gary Frimann
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Inventory is low here in Gilroy, CA.  We seem to be experiencing the same thing throughout the Greater SF Bay Area!

Sep 26, 2012 12:35 AM #21
John Ammirati
Century 21 American Homes - Syosset, NY

Inventory on Long Island is down 20% from last year's levels - good houses don;t stay on the market long

the market has definitely changed

Sep 26, 2012 12:54 AM #22
Andrew Martin
REMAX Accord - San Ramon, CA

And what makes it even worse here in the Bay Area is that probably 1/2 the homes that are supposedly for sale, are really not and the listing agents just don't mark them pending. And most short sales on the market already have buyers and the agent just puts it on the MLS to fake the bank out.

So in reality, a low inventory is realy even lower.


Sep 26, 2012 01:06 AM #23
Dora Griffin
D A Griffin Financial.LLC - Fort Thomas, KY
NMLS 6380

Good post! Those numbers tell the story. I've read another batch of foreclosures are soon to appear. What kind of condition will they be in?

In my market I see many multiple offers and invetory is slowly ebbing. A big problem is equity as another reader suggested. Hard to sell if you don't have equity.

Sep 26, 2012 01:08 AM #24
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Susan, we are seeing similar trends in some of our Franklin TN neighborhoods. I encourage homeowners to sell now because of the low inventory.

Sep 26, 2012 01:10 AM #25
Susan Shaw
Premiere Plus Realty Co.Marco Island, FL - Marco Island, FL

Our inventory is going down here too on Marco Island, Florida. We are also seeing plenty of new construction going on for the first time in several years.

Sep 26, 2012 01:11 AM #26
Richard Arnold
Keller Williams Realty East Valley - Tempe, AZ
Realtor - Tempe, Chandler, Mesa, Gilbert, Phoenix

The good homes sell almost instantly.  What we have for inventory are mostly what I call "The B-Team".  Houses people don't fall in love with quickly.  Houses buyers have to look at a few times, check prices for repairs and upgrades, consult a fortune teller, hit 777 on a slot machine and wake up happy before they make an offer.

In another year, new construction will be rolling along and offering a lot of units.  At least some buyers will have that option of buying new.  The people who wanted half-price homes are over a year late.

Sep 26, 2012 01:38 AM #27
Kevin Mackessy
Blue Olive Properties, LLC - Highlands Ranch, CO
Dedicated. Qualified. Local.

Inventory is going down in Colorado as well.  The low interest rates are certainly helping with that.  

Sep 26, 2012 03:17 AM #28
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

Our area is not that bad where there is literally nothing to purchase. Odd things are happening across the country that's for sure.  We have low inventory but prices have not increased which is against the norm market trends.

Sep 26, 2012 03:43 AM #29
Donna Paul
Keller Williams Realty Gold Coast - Dix Hills, NY
Long Island Home Specialist,All About Real Estate

We are finding the same thing here in NY too. The season is changing and now the sellers are getting to be very competitive. I wonder what 2013 will bring.

Sep 26, 2012 03:59 AM #30
Spectrum Inspection Group
Spectrum Inspection Group - Las Vegas, NV

Wow, how populated is the area you work in?  1 listing in 2 days!

Sep 26, 2012 04:41 AM #31
Erica Ramus
Erica Ramus - Ramus Realty Group - Pottsville, PA - Pottsville, PA
MRE, Schuylkill County PA Real Estate

Wow. That is a strange hot sheet. You must be very rural.

Sep 26, 2012 08:48 AM #32
Evelyn Kennedy
Alain Pinel Realtors - Alameda, CA
Alameda, Real Estate, Alameda, CA


I recently wrote a post about the inventory in Alameda.  New listings are very low, inventory is very low.  Homes new on the market are routinely receiving multiple offers.

Sep 26, 2012 09:03 AM #33
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

I thought I saw a recent national news report that indicated Tracy had several homes on the market unsold and that the area had lots of foreclosures.

Sep 26, 2012 01:46 PM #34
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Susan - Like you, we have almost no inventory, and when we get it, it doesn't stay on the market.

Sep 26, 2012 03:17 PM #35
Larry G. Williams, Stockton/Tracy/Lathrop/Manteca
Home Buyers Realty - Stockton, CA

What many people outside our area and California in particular don't understand is the dynamics of real estate in our area (San Joaquin County). Just 12 miles West of Tracy (over the Altamont Pass ) is another county where the average sales price is at least $300K more. Then you have the San Francisco Bay area with many new millionaire looking to invest and have cash. Couple that with the governmnet push for loan modifications and you can understand why inventory is low and will be low for some time.

Lots of talk about Tracy and Mountain House being "ghost towns" by people who have no clue about what is transpiring. Every listing will have 10-40 offers. I recently had to bid $20K over list price(and $18K over appraisal) to get a buyer into contract. We won the bid by paying all the seller's closing costs.

Susan is a very sharp agent and knows her business so if she can't get listings, I feel somewhat sorry for the many agents that are clueless. Believe me I'm dealing with a couple currently.

Sep 27, 2012 02:50 PM #36
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

wow, this is brutal!

Larry comment ( #36) is giving great insides on the situation in your area.

We were very low in inventory too, but last two weeks properties are coming back. Another issue: prices are up, i have impression sometimes that those agents are clueless.....yet, comps have very little sense these days( I feel sorry for FHA and even conventional buyers, appraisals are a huge issue)

Jan 21, 2013 05:28 PM #37
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Susan Goulding

Northern CA - Tracy & Mountain House Real Estate
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