There is a lot of talk about the reduced inventory of homes for sale in our real estate market…and while this is true, it does not mean the “sky is falling” and that it is impossible to purchase a home. Let us be clear. Homes are still selling and buyers are still buying. No need to panic…it’s just that there may be fewer homes for buyers to choose from.
To put this into numerical perspective: For the first 2 months of 2018, there have been 461 homes close escrow in Riverside. In 2017, the number closed for this same time was… 457 homes! Not exactly the big problem the media tends to hype. To us, the market for 2018 looks a lot like last year…good for both buyers and sellers, and who can find fault with that.
Take care, and remember, I am only a phone call away if needed.