Tulare County Market Update

There is currently a 2.7 month supply of inventory for Tulare County's resale market. The moratorium placed on foreclosures at the begging of the year has really helped stabilize prices, almost too dramatically. We are seeing almost every home on the market sell with multiple offers. If your a buyer in the market for a home you probably know the frustration of trying to find the right homeand making multiple offers only to get beat out by $5,000 to $10,000. There is so much competition for a home from $100,000-$175,000. But there is hope you'll just have to be patientthere is another wave of foreclosure that will start to hit the market at the beginning of May threw the end of the month and pretty much through out the summer. Here is a little hint the new home sub-divisions are offering some really great deals right now. Be sure and take your REALTOR with you, as we know how to negotiate with the builders so that you get the best deal they have to offer.