Even though there appears to be the makings of a positive price trend, that trend may be temporary. Both the Absorption rate and the Ratio of Demand to supply is too high to support strong price moves.
Weeks Supply Given Demand is the Absorption Rate (the number of weeks required to exhaust supply given demand) measured in time. High rates signal excess units of supply relative to demand. Low rates signal the opposite. The Ratio of Supply to Demand measures the...
84 homes have sold in the past 30 days in the Big Bear Area. (Click here to see them) Of these 84 homes, 40 were traditional sellers (47%), 29 of them were foreclosures (34%), and 14 were short sales (16%). Our current active inventory of residential homes is 651,...
