San Clemente, CA (PRWEB) September 16, 2008
While experts claim that the housing market continues to lag, certain areas in Southern California are showing signs that the worst may be over for home sales.
- Inventory is down significantly over a year ago -- new listings last month were 30% lower than in August 2007--fewer listings point to accelerated home sales and lower time on the market
Total inventory--the number of homes available for sale--are down 18% compared to August 2007. This reduced supply has traditionally helped the real estate market heat up
- Inventory levels are at their lowest point in 2 years -- this suggests that in San Clemente, the scales may be tipping in favor of buyers, as less available homes could mean homes are now in a position to sell more quickly
Many homeowners that have been sitting on the sidelines waiting for the market to pick up could find the most recent data refreshing. This reduction in supply--particularly in highly desirable areas like San Clemente--mean there is less on the market for buyers, and could mean that the home available today will be gone tomorrow.
With the many challenges associated with today's real estate market--especially in light of recent data suggesting things could be on the upswing--sellers need a real estate professional that has the experience to guide families through the process, including a complete market analysis so sellers can get top dollar in the shortest time. The Reynolds Group OC has the experience, local market savvy and perspective to provide the right guidance to take advantage of market improvements.
For families in San Clemente, this may be the opportunity they have been waiting for.
The Reynolds Group OC is available to answer any aspect of today's real estate market. To learn more, contact Sean Reynolds of The Reynolds Group OC at 949-463-1065. You'll get an insightful perspective on today's local real estate market.
Contact: Sean Reynolds,
sean @ reynoldsgroupoc.com