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Months Supply
of Inventory (MSI) report illustrates that our inventory
continues to shrink and sales are strong. As of 01/31/10
there were only 1,891 residential units for sale in all
of Fresno and Clovis. Sales ticked up to a four (4)
month high with 685 properties going into contract. This
equals less than a three month supply of inventory.
Low inventory = less competition = Great Time to Sell
!!
Percentage of
properties under contract (UC) also hit a four (4) month
high. There is buyer demand, BUT with low
inventory, buyers need to work with a London Properties
agent to find the right home. This likely means a home
that’s not even listed yet!
Sold Average
vs. Median shows that the Average Sales Price has hit a
14 month high. There’s a lot of speculation out there
about the market, but what we know is that
although some prices have bumped up (good time to sell),
they’re still hovering at a seven year low and
interest rates are (for the time being) at historic lows
(now’s a great time to buy!). It’s time to take
advantage of our local market!!
With over 500
Sales Associates in the Central Valley, London
Properties is ranked as one of the largest, most
productive Real Estate companies in America. In
recent years, our annual sales have exceeded $1 Billion
per annum. In 2008, we once again provided our customers
with more top-producing sales agents than any other Real
Estate firm in the Metro area and, of course, sold
more homes over the $1 Million price market than anyone
else.
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Patrick
Conner
President
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2010 is our
39th year of setting the standards for Quality,
Integrity and Productivity in Real Estate sales. If
you would like more detailed information regarding
either the market or our services, please give us a
call.
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