Wow, the first 3 months of the year are over! This month I want to add in Sales in the last 30 days.
How are the local cities doing as we enter the second quarter?
Upland has 183 listings, 47 are short sales and 14 are bank owned. March sales 59
Rancho Cucamonga has 363 listings, 175 are short sales and 53 are bank owned. March Sales 171
Ontario has 312 listings, 151 are short sales and 69 are bank owned. March sales 139
Claremont has 96 listings, 10 are short sales and 11 are bank owned. March sales 25
Fontana has 498 listings, 289 are short sales and 84 are bank owned. March sales 278
Let’s start looking at Montclair – 56 listings, 29 are short sales and 7 are bank owned. March sales 20
With all the First-time Buyers rushing to meet the April 30 tax credit deadline, it’s good to see that we have more listings to choose from!
My take on these stats are that we look at the ratio of listed homes to sold homes to see how many months of inventory we have available thus showing us if the market is a buyer’s or seller’s market. Overall, we have 2-3 months inventory in the 6 cities highlighted. That my friends, is a Seller’s Market! More demand for homes than homes available on the market.
For all you First Time Buyers who are frantically hoping your escrow closes by June 30th – fret no more!
