Wednesday, February 15, 2006

Inventories Still Increasing

The number of condos on the market has been steadily increasing since last summer. At the height of the market last year, it was typical to see 30 - 35 condos available in Ventura at any one time. About 10 days ago, there was 3 times that amount at 103. This morning I checked, and there's still more, 116. What does this mean?

If you are a seller, you need to take the advice of your Realtor and get your home in tip top shape. Furthermore, you'll need to carefully review the comparatives, trends in the market, and statistics to price your home aggressively. You need to stand out from the crowd.

If you are a buyer, you have a little homework too. You'll need to review those same comparatives, trends, and statistics to make sure you are paying a fair price for your new home. That said, this might be a great time to buy with plenty of choices and the time to check them all out before making your decision.

No matter whether you're a buyer or seller, understanding the current market is key!

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