Happy Monday! It's good to be home from Monterey - it's a nice town, and I like going up there, but being there on business isn't quite as much fun as being there to hang out and drink wine...
The numbers this week:
Active Listings: 117
Contingent Listings: 18
Pending Listings: 56 (29.32% of the inventory)
Price changes for the past week: 7 (5.19%)
Sold listings for the previous two weeks: 9
Our inventory level continues to drop. We have approximately 4.9 months of inventory on the market today.
We've been working with a couple of buyers in recent weeks, and quite frankly, we've been having some difficulty in finding good properties in some cases. The ones we do find are most often getting multiple offers. If you're reading this, and you've been thinking about buying a home, I have a word of advice for you: Do it now.
OK, that's three words. I have a hard time being concise sometimes. But seriously, if you're waiting around right now to see if prices get better, or if interest rates get to the point where lenders are paying you to take their money, you stand a real good chance of missing out. This isn't Dennis the Salesman talking - if you know me, you know that I'm not the slick sales type. I'm not saying that you should just jump on the first thing that comes along, but the selection is getting lean in a lot of segments, and it's time to at least get your financials in order, and get to a local lender for a pre-approval. That way, you can start looking. It might take you a few weeks to find just the right property, and you'll want to be ready to move when that happens.
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