Palm Springs Real Estate – Inventory at the end of this year

It’s getting close to the end of our calendar year and I am sending you the current inventory for our area.

• Not much change since a month ago and this is good.
• The inventory is at 5 to 6 months worth of listings active for the whole area.
• What is most important is that the number of Shortsales and REO’s did not increase in % compared to the total number of active listings.
• Still showing 10% of REO’s and 13.4% of Shortsales of the total 5616 listings available active for sale.

So we have STATUS QUO month over month and if you are waiting for the “dumping” of more foreclosures on the market does not seem to be happening here. We don’t see prices or inventory changing much ; only the nicest units, best locations and best prices will be going first. Now is as good a time as any to buy. Call us to schedule.

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