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gregpfielding
2013 Mar 21, 1:25pm
gregpfielding
2013 Mar 21, 1:25pm
Yes, longer term we are just guessing. However, short to medium turn, no guessing necessary.
Completely agree. Prices are going to rally here in the Bay Area at least through this year.
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Normally inventory grows during the first half of the year, except in 2012 it didn't. Inventory in the Bay Area shrunk for every consecutive month, resulting in multiple offers and prices taking off.
It looks like inventory would have to double just for the market to stabilize.
What changed at the end of 2011 or beginning of 2012 that caused potential sellers to decide to hold off?
http://www.bayarearealestatetrends.com/2013/03/housing-inventory-up-in-march/
#housing