Mid-range Sonoma County property sales AND inventory trend down

filed under: Market updates posted on February 25th, 2008

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Unlike the entry level where inventory keeps growing, and sales are also up sharply this last January, properties priced from $500,000 to $750,000, what is our lower mid-range, are showing declining sales, but also declining inventory at nearly the same rate.   Buyers at this price range are entering jumbo loan territory, and sellers who don’t have to absolutely sell may be taking themselves out of the market.

posted by Pam Buda // Comments Off on Mid-range Sonoma County property sales AND inventory trend down