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As a comment on the report.  Prices are beginning to increase in other areas due to a shortage of inventory.

 

Typically, the ratio of supply to demand is <3.0 in those areas with rising prices.

 

This implies that the ratio of supply to demand in Big Bear is too high to support an increasing price schedule. The current average ratio is 9 to 1 (9 sellers for each buyer).  The market is reacting.  As stated in the report price is now in decline at a rate slightly less than 1% per month.

 

As a matter of listing management,  sellers should be encouraged to reduce price as quickly as possible to avoid unnecessary equity loss.

 

The best method is phased reductions until showing frequency is stimulated.

 

Changing the ratio of supply to demand is not a property marketing issue, it is a property listing management issue.