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We’re having a housing inventory problem here in the Santa Clarita Valley. There are very few active homes on the market available for sale.
As you can see from the chart below (Courtesy of Southland Regional Association of Realtors), residential inventory for 2012 is much lower than the previous two years.
So what does this mean to you as a home seller? It means that now may be a great time to take advantage of the low inventory if you are considering selling your home. There is considerable competition among buyers, especially for homes selling as “standard listings”, meaning they are not short sales or have any other issues that may delay closing escrow. Even still, many home buyers are looking for “the deal”, and the first homes they check are either short sales or bank-owned properties.read more