Inventory has decreased again but only slightly! Multiple offers and overbids are the norm ... especially in the lower price ranges. 20-50 offers on one property are not unusual!
The Corona Market has reached the point where sales probably will not continue to increase significantly ... unless inventory increases also!
We have been hearing for about 18 months about the huge wave of REPOs that are about to hit the market! Bring them on! There are plenty of Buyers for them. We need more inventory!
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Realtor
- Ken Landa @ Corona Realty
- Corona, CA, United States
- I specialize in short sales, working with buyers and with past mortgage loss mitigation experience, I can help with your questions/choices about loan modifications, short sales, and foreclosures.
Monday, October 26, 2009
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