I know I noted the rapid rate of decline in the number of homes for sale in Big Bear recently, but in taking February’s mid-month numbers, I was surprised to see the drop continue at a significant pace.
Big Bear home inventory continues to fall. A good sign suggesting market recovery.
It’s looking like we’ve seen about a 30% drop in the number of homes for sale from last year. This is due to the 30% increase in sales we saw as buyers took advantage of the down market’s good values. As well, sellers who can choose not to sell at this time are doing just that – waiting.
Anyway you look at it, a decreasing inventory is better news for values than a steady or rising inventory. It’s nice to see consistent signs of things getting better heading into 2010!
Paul Zamoyta ~ 909.557.8285 ~ info@ZAMOYTA.com