WoW! Check out what has happened to Oceanside, CA home inventory in that last year.
Review: In January 2008 Oceanside had a home inventory of 950 homes on the market for sale. In February 2008 the inventory peeked - meaning Oceanside had way too much inventory and home prices continued to drop. Over the next couple of months, the level of homes on the market plateaued. In the beginning of 2009 home inventories were slightly down, at 750 available homes for sale. In april 2009 something new and exciting took place, homes started getting purchased. This home buying trend has lead to a super low current home inventory --- From July to mid November 2009 the inventory is staying at only 250 homes on the market!
In the year 2009 between the months of March to June over 500 homes sold in Oceanside!
Low inventory affects buyers because there are less homes to choose from, homes get sold at more competitive prices, and there is a lot of bidding on each available home. San Diego North County, especially Oceanside California Real Estate is experiencing a HOT SELLERS MARKET!!!!!
For a visual graphic click here: http://charts.altosresearch.com/altos/app?s=inventory:l,&ra=c&q=a&st=CA&c=OCEANSIDE&z=a&sz=m&ts=e&rt=sf&service=chart&pai=52846420&co=52&endDate
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Oliver Indra
Prudential California Realty
email: oliver@prusd.com
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