SoldWATCH Northridge: 01/11/16
- Anne-Marie
- Jan 12, 2016
- 2 min read

SoldWATCH Northridge
January 12, 2016
The reports are in... and as we begin 2016, we're continuing to find that buyer demand continues to outpace the supply of homes for sale.
The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage: “While feedback from REALTORS® continues to suggest healthy levels of buyer interest, available listings that are move-in ready and in affordable price ranges remain hard to come by for many would-be buyers.”
The latest Existing Home Sales Report shows that Nationwide, there is currently a 5.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market and well below November 2014 numbers.
Let's look at our market specifically, and see what's happening this week.
This past week. we saw 13 homes sell in Northridge... the prices ranged from $300,000 - $750,000, size from 1,141sf - 2,942sf, and ages 1950 - 1995. How many days on the market? The shortest time on market was 6 days, the longest was 146.


If you'd like an overview for the entire year, simply click on the contact us tab or click here, and type in "I'd love to know what happened all year".
Warmly,

ps. With my MarketWATCH Program, I started looking for a buyer for YOUR home over 180 days ago. I already have a great list of those who are ready, willing and able to buy now! If you'd like to take advantage of this "silent market", let me know by replying to this email and giving me a few details about your home, like the address, any improvements you've made, and where you really are in the selling process.
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