Welcome!




Expand Your Education with These Courses from
At Home with Diversity.
Negotiating Skills: Skills for Sales Success: Part Six.
Bundle 2: CIPS Elective Courses (Non-US Version).
A Consumer Advocate Approach to Real Estate & Mortgages: Courses 1 & 2.
Business Creation – Prospecting: Skills for Sales Success: Part Three.

May Housing Update: Inventory Free-Fall Easing Toward Summer Season

Have a comment on this article? Share on Facebook!

Regional Spotlight—The marked decline in single family inventory over the past several months appears to be slowing in May, while still remaining significant in some areas of California.

Santa Clara, Santa Cruz and San Mateo Counties remained virtually flat compared to the previous month; however each of these counties remains more than 30 percent below inventory levels for the same time last year.

Single-family sales posted positive signs in May; in Santa Cruz County, sales were up 52 percent from the same month last year, and in Santa Clara County sales increased 25 percent from the same month last year. The largest increase in median price occurred in Monterey County, up 19 percent, remaining in positive digits for seven straight months.

Median price in Santa Cruz County increased 14 percent; the highest gain since April 2010. New listings in May were down in all counties compared to the same period last year, but four of the five counties gained listings when compared to the previous month.

For more information, visit www.mlslistings.com.

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.




Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com