"When we are no longer able to change a situation, we are challenged to change ourselves"
Victor Frankl
How apropos for today's Real Estate market. The market is shifting .... Again
Is it a Buyers Market or a Sellers Market? If you you were to ask this question a couple of months ago, the answer could be a definitive answer of a Buyers Market.
However, in Corona, the facts and data are starting to tell a different story. When we have the lowest Months Supply of Inventory (MSI) since April 2005 (Remember those Real Estate days?). Number of homes sold has been the highest since this same time period. This is the law of Supply & Demand. When Demand is high like it is now, and Supply is low, like it is now it is a Sellers Market. Another key indicator is Price. August figures for MLS data in Corona show the price of homes for those Pending (in Escrow) actually went up.
So, did we hit bottom?
'If we ever forget that we're One Nation Under God, then we will be a nation gone under.' - Ronald Reagan
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