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.