As mentioned in an earlier post, SOCAL Sales Up 08 to 09, while Prices Level or Fall Off - July 31, 2010 inventory is up, sales are down. As you will see in the graph below however, the number of properties "pending" (e.g. in escrow) has continuted to climb. This is, no doubt mostly due to continued drops in interest rates. There are some fantastic buys out there right now and with historically low interest the savings, over 15 to 30 years are significant!
Source: Trendgraphix, Inc.
For more information regarding this post or other real estate information contact Robert Dixon at RE/MAX Palos Verdes Realty (310) 703-1848 or email info@robertdixon.net. Content of this or any other post is presumed to be accurate but not guaranteed.
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