The real estate market has seen a dramatic trend the past 12 month with a surprising change in January 2013.
Available houses for sale have steadily declined in 2012 and are currently approximately half of what they were one year ago.
January 2013 experienced a sudden increase in pending sales (25% or greater).
The reduction of available inventory coupled with an increase of pending sales are clear indicators of a changing market.
My prediction for 2013 is:
- inventory levels will remain low
- Buyer demands will remain strong
- Housing prices will increase
- Distressed properties market share will decrease
- Equity sales will increase
Below are real estate trend charts for Sacramento, San Joaquin and Stanislaus Counties and are great examples of the trends in most California Counties.
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| Stanislaus County |
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| San Joaquin County |
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| Sacramento County |
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