While properties continue to sell at a rapid pace (DOM is a low 32) we continue to see a very low inventory level. In fact, our inventory levels are nearly the lowest levels the market has ever seen. Dating back to the beginning of the pandemic we have experienced a 50 to 60 percent drop in homes coming on as new listings. Looking at the chart below we can see that in December of 2019 485 new listings came on the market. In the same month this year, we see only 197 which is -59.4% less The sold properties look on the surface to be very strong with 294 homes sold in December 2019 and 371 homes sold in December 2020. That’s an increase of 26.2% year over year and more importantly nearly twice the number of homes that came available for sale. Each month since march of 2020 we continue to eat into the inventory creating a buyer demand which puts us in a very strong seller’s market.
Suisun Valley, California & Northern California. – (BUSINESS WIRE)—Elite Partners. Powered by RE/MAX Gold (“Elite Partners”) announced today that they have launched their Commercial Division, expanding their operating footprint and range of services across the State of California. The Carmen Gray Team, recently highlighted as one of RE/MAX’s top four small commercial teams nationally, is focused exclusively on Commercial Real Estate, Vineyard Estates/Wineries, Luxury Properties and includes Business Sales.