California Real Estate Radio

Speaker 1: (00:00)Good day, everybody Conor MC Iver Connor with honor here, July 6th, 2022. This is going to be your sent to Clarita real estate update. We're gonna look at inventory currently, and we're also talk, we're going to also talk about some trends that have been happening here in the last couple months that have, uh, done a pretty good job. Just waiting sellers. Also slow the buyer drive a little bit. We do have extra inventory on the market, uh, and by x-ray means somewhat closer to normal inventory. If you look at a historical inventory amounts, typically it takes about six months. This is known as what's, uh, known as absorption rate six months to get from the current amount of listings to zero. If none were added to the market, that's a typical market right now. We're looking at half a month to a month to deplete that inventory, maybe embarking now on two months because we have the additional units. Speaker 1: (00:52)So now 474 residential properties are listed acti