For the United States of America as a whole – here are the current trends in the various real estate markets across the USA. In our local Santa Clarita real estate markets, we are discovering fast what lacking inventory reveals.
First and Foremost lacking inventory typically is a “supply and demand problem” – or at least one part of it. Supply would be the issue with the lacking real estate inventory in the Santa Clarita Valley Cities.
On the other side – as long as there is enough Demand – The sellers are able to demand premiums for the homes and real estate they are wanting to sell.