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Is Inventory Dropping?

By Michael Layton

Real Estate Agent with RE/MAX Desert Properties BRE# 01342880

February 28, 2009 02:34 AM

Lots of signs that inventory is dropping - at least in the lowest price ranges. My leads are pouring in at this point I can barely keep up but everyone wants the elusive "great house" under $250,000. At least in my market of Palm Springs those are almost gone. There is very little to show and what is left is really getting long in the tooth.

Just wondering if anyone else is experiencing this same thing? Middle range and more expensive properties still stagnant but the lower end properties flying off the shelf?

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Li Read

Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC

Caring expertise...knowledge for you!

Nothing flys off the shelf, in my resort based / discretionary area, but it is "busy", and about a month earlier than the "norm", and it's in the low end options. I'm noting, though, a very recent (as in past week) rise in both inquiries/showings of the higher end. It's the middle that remains inactive, in my area.

Feb 28, 2009 02:51 AM

Thomas R. Martin Broker/Owner ICPM

Investors Choice Property Management - Sacramento, CA

Property Management the way it SHOULD be.

Yes, smart money is flowing back into the market as cash-rich investors are making a killing at the low end. These are the markets where millions are made.

Feb 28, 2009 02:52 AM

Rosalinda Morgan

Brookville, NY

"The Rose Lady"

The inventory in our area is still on the rise but customers are coming out now, mostly on the low end level. Mid range is not moving. Very few inquiries on the high end.

Feb 28, 2009 03:18 AM

Is Inventory Dropping?

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