Monday, April 28, 2008

Hot Markets...


I have gotten into several debates over the weekend, both in person and online (on other blogs and forums) regarding the state of the market in certain areas and price ranges. Folks, the market is blazing hot in nice areas under $300k. Allow me to illustrate...above is a Trendgraphix chart that shows months of inventory in 95608 (Carmichael), 95610 & 95621 (Citrus Heights), 95628 (Fair Oaks), 95662 (Orangevale), 95821, 95825 & 95864 (Arden), 95826 (Rosemont), 95827 (Lincoln Village), 95831 (Pocket), 95841 (Arcade), and 95843 (Antelope) for all listings under $300k. FYI generally 6 months of inventory represents buyer/seller equilibrium. I have many clients getting into multiple offer situations and bidding wars in this price range in these areas.


1 comment:

Sippn said...

Its about time the Trendgraphics guy got smart. This stuff should be released to Wasserman. You have a nice little secret.