Inventory Levels Finally Starting to Rise

It has been quite some time that inventory levels have been at the rock bottom. Over the last 60 days, we have seen more and more homeowners decide to take advantage of the increase in value and get their home on the market. As you will see below, Ventura County Inventory levels for Single Family Homes under $1,000,000 are up by 46%. That's right...46% from 6 months ago.



At the same time, we are also seeing values begin to come down again from their peak a few months ago. For the same category of homes, see the chart below for the Median Values in Ventura County for homes under $1,000,000.



Similarly, inventory in Camarillo is up by 28% over the last 6 months and moving in the right direction.



And the same holds true for the values in Camarillo of Single Family Homes under $1,000,000. Values are still up by 10% from a year ago, but the are down from the highs we have seen over the last few months.



I share all of this with you to say that, if you have been thinking about selling your home, it is still a good time, but I would not wait long, otherwise, you might miss this window. For buyers, the price declines are a good sign that this is not a long-term bubble.

If you are thinking about buying or selling in the next 90 days, please call me to discuss your options.