May 24, 2019 / Chuck Lech
The market is both strong and weak. It all depends where you are.
Are you doing business in Simi Valley or Moorpark? Business is good. There is no shortage of inventory, with 46% more homes listed today compared to one year ago. The sweet spot remains homes priced below $1 million, and particularly below $750,000. These homes are affordable. Affordable to blue collar works, police, fire, teachers, all can move to one of these homes for the same amount they currently pay for rent. The number of sales is 9% higher than the same period last year, up 11% for homes priced below $750,000.