WE HAVE SEEN THE BOTTOM!
NOW IS THE TIME TO BUY!!!
You are hearing and reading it everywhere you turn-
Here is an overview of the market for you to see this on our local level with a snapshot look at Cambria, Cayucos and Morro Bay. This trend is being seen throughout the county- the state- and… much of the nation. Something has surely shifted!
……………………..#Active # Pending # Contingent (REO & SS) # Sold Year-to-Date………………
Morro Bay 47 22 6 45
Cambria 73 29 7 58
Cayucos 35 13 1 17
Inventory is low…. so low in fact that with the number of properties now Pending (in escrow) we have a 2-3 month supply of homes on the market. 6-months is considered a balanced market.
Current activity-as seen by the number of Pendings- totals nearly half or more of the Year- To- Date Total Sales. Buyers are buying! Now we need more Sellers.
LYNN BATES, Keith Byrd Team, North Coast Realtor of San Luis Obispo County including Morro Bay, Cayucos, Cambria and Los Osos. 805 458-4409. Lynn@LynnBates.Com