2013 Pace of Ventura Sales
Last year it was easy to see that the inventory of homes was very low during 2013 and got skinnier as the year continued. You could almost feel it in the air.
The beginning of the year looked very hopeful for buyers coming into the market. For every home sold, two homes were coming on line. This meant there was certainly inventory to choose from. By December, the ratio showed only 1/2 a house coming on the market for every sale! Very little choices and sellers were really controlling the market as prices started increasing. It was a crazy time with many multiple offer situations and very short Days on Market. For buyers, pickings were slim for sure. For sellers, they were finally seeing an increase in equity because of rising home prices.