Fresno Real Estate Inventory Drying Up.

By
Real Estate Broker/Owner with Lazarus Realty

I've been noticing for quite some time the dwindling inventory in the Fresno Real Estate Market.  Listings are being out numbered by pending sales at a significant clip.

This is what I saw when I logged on to the MLS today.

This means over twice as many homes went into contract (Pendings =52) in the last 24 hours then came onto market (New Listings = 23)

Its a trend I have been observing for quite some time which perhaps is now exacerbated by the Holiday Season.  The other factors I think influencing this market imbalance is a slowdown in foreclosures and underwater homeowners waiting for rising prices.  Its still a Buyers market.

 

Comments (1)

CA COASTAL ESTATES Lauren Selinsky Perez CRS
California Coastal Estates - Aliso Viejo, CA
"Your Real Estate Broker" #oclauren

Hopefully everything starts coming to a balance.

Dec 13, 2012 12:13 PM