Brea has seen an interesting year so far with inventory and prices.
The year started off with a lot of inventory and very soft prices.
Over the last couple months buyers were frenzied by the drop in prices combined with low interest rates. A lot of the good inventory which was priced correctly was sold - leaving us with undesirable homes and overpriced homes.
Here is a chart of the raw data. It is my prediction we will see an increase in inventory as the year continues coinciding with softer prices.
I am sure if you have been reading my blogs you will see a correlation between all North Orange County cities and they data trend. We have experienced the same indicators and will most likely have similar trends throughout the year.
Adam Brett
RE/MAX NOC
Fullerton, CA
714-496-8116
www.AdamsMLS.com
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