Seller shortage: 1,285 fewer Inland Empire homes for sale

By in Press Enterprise on February 15, 2018

By Jonathan Lansner

Inland Empire house hunters have 1,285 fewer listings to consider than a year ago.

ReportsOnHousing tracks homebuying patterns found in real estate broker networks: supply (active listings); demand (new escrows in past 30 days); and “market time” (a measure of selling speed of days it takes a typical listing to enter escrow).

As of Feb. 8, ReportsOnHousing found 12,036 listings in the Inland Empire, down 10 percent in a year and down 13 percent vs. 2013-17 average. Demand was 4,572 new escrows, down 1 percent in a year and down 1 percent vs. 2013-17 average. Market time ran 79 days vs. 87 a year earlier and an average 90 days in 2013-2017.

ReportsOnHousing also found in the four-county region — Los Angeles, Orange, Riverside and San Bernardino counties — a supply of 25,199 listings, down 9 percent in a year and down 14 percent vs. 2013-17 average. Demand — 11,790 new escrows — was down 3 percent in a year and down 5 percent vs. ’13-17 average. That adds up to a market time of 64 days vs. 68 a year earlier and an average 71 days in 2013-2017.

Around the region, by county:

In Riverside County …

Supply: 7,951 listings, down 12 percent in a year, and down 14 percent vs. 2013-17 average.

Demand: 2,626 new escrows, down 4 percent in a year, and down 6 percent vs. 2013-17 average.

Market time: 91 days vs. 100 a year earlier and an average 101 days in 2013-2017.

In San Bernardino County …

Supply: 4,085 listings, down 4 percent in a year and down 10 percent vs. 2013-17 average.

Demand: 1,946 new escrows, up 3 percent in a year and up 6 percent vs. 2013-17 average.

Market time: 63 days vs. 67 a year earlier and an average 75 days in 2013-2017.

In Orange County …

Supply: 3,981 listings, down 10 percent in a year, […]    

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