Real Estate Inventory for Palm Springs by mid-season

Reaching the middle of our season let’s take a look at the  current inventory for our area.
• Not much change since a month ago and this is good, but inventory is still shrinking.
• The inventory is at 5 to 6 months for the whole area.
• What is most important is that the percentage of Shortsales and REO’s is decreasing.
Less than 10% of REO’s and just above 12% of Shortsales of the total amount of 5616 listings are available for sale.

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