In sharp contrast to national real estate inventory there has been a fairly consistent drop in local resale home inventory this year in a number of popular developments. In fact several communities now have resale inventories between 4.2 and 6.8 months supply, compared to the national average of 12.5 months.
![Local Inventory Betters National Averages 1 Rancho LaQuinta 400 0312 Palm Springs Real Estate](https://www.yourresorthome.com/wp-content/uploads/2019/06/Rancho_LaQuinta_400-0312.jpg)
Rancho La Quinta Country Club
Is Now The Time To Buy?
Is now is a great time for you to invest in the desert? If you’re interested in one of the many communities with shrinking inventory that’s also priced correctly, then yes, now is a great time to contact me and get started – especially if you plan to hold and enjoy or rent your new property for two or more years.
You and I will work as a team discovering your likes and dislikes and then I’ll help to identify a number of great opportunities when they come along.
Source: The national press reported on September 15th that “existing home inventory had moved up to a 12.5 month supply in July,” according to the National Association of Realtors®. Local inventory numbers from the Desert Area MLS®.