I'm still not sure what to make of the current real estate market. Inventory continues to stay down and there are not many new properties coming on the market. Buyers are re-entering the market and seem to be ready to buy once again. The homes, townhomes and condos in the Beach Cities that are selling are those that are in good shape and well priced. If a property is even slightly over market it is sitting. Some buyers appear ready to start making low offers on homes that have been For Sale over 60 days while others are waiting for sellers to lower prices before they will consider an offer. This trend looks to be true for all the beach cities and for much of California as well. It will be interesting to see what the next two weeks brings...
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