There are a few elements worth noting in the latest California housing statistics. Inventory and days on the market are substantially higher than last year at this time. That said, last year the inventory levels were at very low. Presently the inventory to sales ratio is at a good balance.
The median price range may see some volitility going forward, as the higher end properties are moving slower, but there is still upward pressure on properly priced properties under $800K.
We’re in an active seasonal spring market with the interest rates lower than they were the end of last year.
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me.
Ron Henderson GRI, RECS, CIAS
President/Broker
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals (2017-2018)
Chairman – OutWest Marketing Meeting (Real Estate Education)
BRE #00905793 NMLS #310358
www.mres.com
ronh@mres.com
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth
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