Tuesday, August 24, 2004
8-24 Tuesday Caravan
The following new listings were pitched at this morning's meeting:
1 - 6 Bedroom
11 - 4 Bedroom Homes
2 - 3 Bedroom Condos
5 - 3 Bedroom Homes
1 - 2 Bedroom Condo
The bulk of the offerings were in the $400,000 to under $700,000 range and the market is showing no signs of inventory slowing. The SVMAR is still reporting closed escrows for each month just over the 200 mark each month. What has happened since last May is that inventory is increasing way beyond buyer demand.
1 - 6 Bedroom
11 - 4 Bedroom Homes
2 - 3 Bedroom Condos
5 - 3 Bedroom Homes
1 - 2 Bedroom Condo
The bulk of the offerings were in the $400,000 to under $700,000 range and the market is showing no signs of inventory slowing. The SVMAR is still reporting closed escrows for each month just over the 200 mark each month. What has happened since last May is that inventory is increasing way beyond buyer demand.
