Hola Southern Cali! Here’s yet another blog from me, Todd Garrigus, your blogging broker here at Garrigus Real Estate! I was working on some statistics recently and came across this little graph mapping all the housing inventory on our MLS, the CRMLS, here in Southern California so far in 2018. For reference, our CRMLS is one of the largest MLS’s in the entire country. So its statistics aren’t to be sneezed at.
According to this graph and the data behind it, not only did we endure one of the thinnest real estate markets as far as inventory is concerned, but we are STILL IN IT! Take a look. A normal market is said to have 6 months of inventory to burn thru. We are just barely over 2 months at 2.1. During the holidays we were even further below 2 months of inventory at 1.9 months. So what does that mean if you’re thinking of selling your home? Do you think now is a good time to sell? Only if you believe in supply and demand!
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