Don’t expect much relief this spring if you are looking at coastal properties, especially detached homes. My expectations are that later in the summer you should see a bit of relief. I have seen alot of listings coming on line again and the inventory is starting to roll up. In places like Scripps, PQ and MM I have even seen REO and shorts come out with very aggressive pricing. Those that do get alot of activities and even offers. Spring is typically a seasonal boon for real estate.
No this is not an endorsement of a bull market. Just a statement that there is ALOT more activity in Feb/March/April then there is in July/Aug/Sept.
