According to the National Association of Realtors as of June there were 3.8 million properties for sale across the United States, compared with 4.5 million June of last year. That is close to a 20% drop in real estate inventory in just one year. In contrast, Palm Springs has experienced nearly a 30% drop in our local inventory within the past 5 months. Does this signal a time to buy? With current Tax incentives’ coming close to an end the choice needs to be made soon.

Tags: Gary Carlson, Palm Springs Market Watch, Palm Springs Real Estate, Prudential, The Moore Carlson Group

This entry was posted on Thursday, October 15th, 2009 at 1:16 pm and is filed under Gary's Real Estate Blog. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.