Find out about Real Estate on the Monterey Peninsula

I keep hearing from the media that it’s a “buyer’s” market right now. Really? The numbers I look at don’t seem to imply that. If anything, it’s a strong seller’s market Consider this, as of today (6-22-09):

Seaside has 38 active listings available for sale. They also have 70 properties in escrow.

Marina has 24 active listings for sale. They currendly have 40 properties in escrow.

Greenfield has 33 active listings and 92 properties in escrow.

Affordable housing in Monterey County is red hot, and unless we see more inventory soon, it’ll continue like this until interest rates go up. It’s not uncommon for good properties to get double digit offers in a week. There’s no shortage of buyers.