Real Estate is A-Hoppin'

January 19, 2011

The first two weeks of 2011 have seen a significant increase in real estate activity. Typically, in our real estate market place, January is a busy month.

Folks decide their present residences are either too big or too small. They decide it may be time for a change. For real estate agents, open houses and "floor" time become opportunities to have contact with prospective buyers. It is exhilarating to see so much interest - particularly after somewhat slow Novembers and Decembers.

I did a brief check of new listings and new pending sales and those numbers reflect the perception that the market is A-Hoppin'.

This morning's papers had some interesting headlines. The LA Times said the December activity was less than a year ago. So, too were median prices. (Check my previous posts for the actual numbers in the Inland Empire.) The Sun had a Banner above the headlines stating:"Home Sales Up- County numbers increase in December".

It is always of interest to check the pulse of the market by the activity that occurs in January. Thus far, January 2011, is a good omen.