Charts are fascinating to Ron Buck, Realtor, and Ron finds them very impactful. Here are a couple of them which will illustrate the inventory situation for Laguna Niguel homes for sale.
Sorry about the cropping of the titles, but Ron Buck thinks these charts are important!
Ron Buck’s research reveals that the supply of active homes is down for many reasons. One is that there are fewer coming to market and a second is that homes that are priced right are selling fast. The second chart shows days on market which is very low. This information comes from Clarus market metrics. Ron Buck, Realtor, thinks reality is more severe than this chart shows.
Buyers are very frustrated this fall because of this low inventory. One thing that exacerbates the situation is that buyers are looking at one line sites that are not up to date. Keep in mind that most on line home sites are just lead generators which take listings from the MLS and then sell the leads back to Realtors. (Yes, Ron Buck is only slightly bitter about that.)
Because the purpose is to generate leads some of the sites are not particularly worried about accuracy. Ron Buck pays for enhancement on some public sites and Ron Buck knows that he has closed listings appearing on some of them. Some sites are not clear about which homes are already in pending status.
If your Realtor is sending you a direct feed from the MLS then that is the most accurate. If he or she is not, contact Ron Buck, Realtor. Ron will get you on a free “feed” system. Also Realtors have a tool named “Listing Book” which is updated every 30 minutes directly from the MLS. If you don’t have a subscription just email Ron Buck, Realtor, and he will set you up. It is by invitation only and is free.
We can be very thankful our homes have not been devastated like our friends on the east coast. It doesn’t get better than living in Laguna Niguel. Count your blessings.