SOLANO COUNTY REAL ESTATE NEWS

According to the recent published CAR (California Assocation of Realtors)report, a stunning 50% decrease in index for unsold inventory for Solano county properties.  As of Jan 2011, the index was 7.1 while in Jan 2012, the index went almost halfway, 3.8%.  What does this mean?  It means that last Jan 2011, it would take approximately 7 months to sell all available properties in the market considering there will be no additional properties on sale.  As of Jan 2012, it would only take less than 4 months to sell all unsold properties.  In short, it is either an increase in demand and/or steep decrease in supply is happening.  Record low interest rates and favorable home prices continue to attract potential buyers.  NOW is the best time to purchase!

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