Available inventory of bank owned homes here in the desert continues to decline. On March 25th I mentioned a new low of just 70 bank owned homes listed in our market priced at $200,000 and higher. Today that number is down to just 52 bank owned homes and condos (view them here). Only seven of these bank owned homes are priced above $500,000.
Regular Sales Very Active
Inventory continues to tighten up throughout the desert and multiple offers are more common every day. So, if you have been considering a home or luxury condo for the coming winter, and winter always does have a way of showing up, the coming summer months would be a great time to take action.
Stay tuned!