Market Report for Upland, CA - June, 2012. NEEDED... HOMES TO SELL!
By Brad Rachielles, REALTOR, CDPE, Upland, CA
(CENTURY 21 Peak, Ca BRE# 01489453)
Market Report for Upland, CA - June, 2012. NEEDED... HOMES TO SELL! As the song said... "JUNE IS BUSTIN' OUT ALL OVER".... Ehhhh.... but not really in our Inland Empire real estate market. Even though the NEEDED home inventory increased this last month in the Inland Empire (1/10th of a percent), the news is misleading. When sales drop, and active listings drop, but slightly less, the result is an increase in months of inventory. The bottom line is that there are actually 6.6% fewer homes on the market for buyers to choose from than the month prior. REO sales dropped 5.9 (no surprise there). What DID surprise me was that Short Sale Closings increased 11% and Standard Sales dropped by 4.1%.... all in our 10 city market. ENCOURAGEMENT What IS ENCOURAGING is that in our market, this is the ...
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