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February 2020 Hi Desert Real Estate Market Update
Love may be in the air, but real estate is on the minds of many in our Hi Desert communities. Below is my monthly market update on the mathematical conditions of our market. There are some interesting statistics and information in this report. Most notable are: Inventory is way down. As of the date I did the research we were down to 378 active listings compared to 465 same time last year. Closed escrows are up from same time last year by 25 sales (107 TY compared to 82 in 2019) This is the best January closings in the last six years! Only 53% of sales were under $200,000. More…
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January 2020 and Year End 2019 Hi Desert Real Estate Market Update
Happy New Year 2020!!! This month’s message is a bit longer than normal, but it includes my year end report along with my forecast for the year. With the Holidays behind us, it is now time to focus on the new year and how our local real estate market will respond. Let’s take a quick look at my 2019 forecast and see how I did. Here is what I forecast for the year of 2019 (My comments on the year are in red): I am trying to stay optimistic even though the end of 2018 could point to a slowdown. I am forecasting sales by unit to remain around 1,500…
