AT The Bottom ?? Fullerton Real Estate Inventory at 3 year lows- Might Be!!!

Are we at the bottom, where all of the buyers want to buy? This is not an easy question. Do we mean at the bottom of prices, at the bottom of sales, at the bottom of interest rates, or at the bottom of available property? I track available listing inventory in Fullerton Ca to use a an indicator of the Supply side of the Supply-Demand relationship. During the "banner" "gold rush" days of 3-4 years ago -- the daily available listing in Fullerton CA was running between 230 and 250 homes for sale on any one day. Of course as the market changed that inventory number went up, way up. It peaked at around 687 available listing about a yea or so ago. Over the last year or so it has been dropping steadily. It now is at 308 available listings. Wow - that is not far above the lows we saw in "panic buying mode". So are we at the bottom? I believe that we are definitely starting to be "short in supply", which for my way of thinking means the buyers market is gong to diminish. If we are not at the exact bottom, then we are so close that it does not matter.

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