Supply of Palos Verdes Homes Continues as A Problem

The National Association of Realtors published today the latest report on PENDING HOME SALES.  If you want to read the details you can go here.

But the problem we’re having for South Bay real estate, particularly for Palos Verdes Homes, is the low amount of inventory.  In fact as you saw in my last blog entry which talked about the supply of Palos Verdes Estates homes for sale, for as long as I’ve been keeping records (since 1991) there has never been a lower level of inventory!  (And yes, you can conclude that you need to refer more business to me!)

Play the video below to hear what Lawrence Yun, chief economist for the National Association of Realtors is saying.

“Limited inventory is constraining market activity. “All regions saw monthly increases in home-buying activity except for the West, which is now experiencing an acute inventory shortage,” Yun added.”

As always, thanks for your time and your support with your referrals.  Follow the link in the yellow tab below to get your free ListingBook account which lets you “Search The MLS Like An Agent”