Where Have All the Houses Gone? Riverside CA Homes for Sale
The number of houses for sale or sometimes referred to as "inventory" is a critical component of any real estate market. I did a blog on this topic several months ago and just updated the information on homes for sale in Riverside CA. Wow, it is pretty shocking to see how low the inventory has gone from where we were a little over a year ago.
The graph speaks for itself. With the considerable number of buyers house-hunting right now and and low numbers of houses available, no wonder buyers are having such a hard time getting a new home. But if you are a buyer or are thinking of buying soon, don't get so discouraged that you decide to throw in the towel. With the low prices of homes and the low interest rates, it is still a great time to buy. And no one knows how long the low interest rates will be around.
Call us to discuss buying or selling. If you have equity it could be a good time to sell as there are a lot of buyers right now.
Posted at 05:19PM Mar 09, 2010 by The Pedersen Team in Real Estate | Comments[0]
