Lack of Inventory leads to Decline in Pending Homes

By
Real Estate Agent with Village BRE# 01420876

Bay Area Pending Home Sales Slide for the Fifth Straight Month

Pending home sales dropped statewide and in the Bay Area in February due to an all-too-familiar culprit: extremely tight inventory. Get the story at http://pacunion.us/2mumm0C

Comments (3)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It has also lead to higher values and multiple offers on most listings.

Mar 27, 2017 01:00 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Lisa Schoenhouse Lock of inventory problems are in many areas.

Mar 27, 2017 05:04 PM
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Lisa - Having a lack of inventory does tend to lower the number of homes sold. On a positive note, homes are increasing in value, and the homes that are listed are selling fast and at top dollar.

Mar 27, 2017 06:52 PM