You'll remember that just the other day we were musing about inventory and trends in the market. (See "Calming? Maybe Later.")
We referenced a buzz among some wise old hands in MB real estate, who have been saying "inventory is going to grow now and the shocking upward pace of price increases will flatten out.…
You'll remember that just the other day we were musing about inventory and trends in the market. (See "Calming? Maybe Later.")
We referenced a buzz among some wise old hands in MB real estate, who have been saying "inventory is going to grow now and the shocking upward pace of price increases will flatten out. When buyers have more choices, you will see fewer bidding wars."
Well, we've got the first premise there coming together.
In the past 7 days, there have been 18 new listings, and we expect a few more to post today.
On the brokers' open tours this Friday, there are at least 18 properties to see for the first time. (Not necessarily all the same as the week's new listings.)
In one week, with those 18 additions, there were "only" 9 properties that made new deals, pushing inventory up by a net +9.
The total of all SFRs and THs in MB now: 71 as of early Friday. That's the highest level we've seen since... well, we can't recall.
We found a nifty online source that tells us MB inventory was at 92 in June 2012 and 77 in July 2012, and pretty much trending down thereafter. It sounds about right. (Our chart here is from the Movoto site.)
So: A slow Summer with few new listings because "everyone is away?"
Not right now.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of November 30th, 2023 at 4:01pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.