The last two days of April and first five days of May brought a small slow-down, but no significant changes.  Yes, we are still losing inventory and can’t seem to gain.  Having spent last week in Sacramento at the California Association of Realtors® spring business meetings, I can vouch for the fact that many other areas of the state are suffering a similar lack of available homes for sale.  It is generally felt that banks need to start releasing some of their backlog of foreclosed properties, which will get things rolling again!  Qualified buyers need homes, and it will certainly improve the neighborhoods and communities where these vacant homes sit, often in neglect.

Here is the report for the week of April 29 – May 5, and if you’d like to read the prior week’s report, please click here.

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