Wednesday, December 12, 2007

3402 off 1894 on - A Good Sign!

Yeah, I saw a good little indicator today on the SoCal MLS that that is a great little bit of information that our clients need to hear.

With the current market fears being portrayed in the media along with the quietness of the holiday's a little good news in needed.

We all know the rule of supply and demand and how it works. Too much supply on the market - pricing comes down. Not enough - pricing goes up. Simple.

So as I reviewed the MLS this week I calculated the following:

  • New Actives on the Market: 1894
    New Pendings: 444 (this does not include Back Up offers)
    Closed Sales: 481
    Expired: 1516
    Cancelled: 961

Simply what does this indicate? The number of homes coming off the market are greater then the number coming on the market. Thus reducing the overall inventory.
Simple but a nice little glimmer, to help make us smile today!

Kelly Turbevilleis one of South Orange County premier Realtors® focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, Foothill Ranch, Trabuco Canyon, Mission Viejo and Rancho Santa Margarita. Whether she's helping a first time buyer accomplish the goal of homeownership, or coaching a homeowner on how to use their equity to step up into a nice home or use it to buy an investment property or finding exclusive properties for the high end consumer. Kelly is committed to making it happen. So if you're considering selling or buying a home in Saddleback Valley, call Kelly to schedule a free consultation. Whatever your dream, with Kelly at your side, It's Possible!

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