Speaker 1: (00:00)
Good day, everybody Conor MC Iver Connor with honor here, July 6th, 2022. This is going to be your sent to Clarita real estate update. We're gonna look at inventory currently, and we're also talk, we're going to also talk about some trends that have been happening here in the last couple months that have, uh, done a pretty good job. Just waiting sellers. Also slow the buyer drive a little bit. We do have extra inventory on the market, uh, and by x-ray means somewhat closer to normal inventory. If you look at a historical inventory amounts, typically it takes about six months. This is known as what's, uh, known as absorption rate six months to get from the current amount of listings to zero. If none were added to the market, that's a typical market right now. We're looking at half a month to a month to deplete that inventory, maybe embarking now on two months because we have the additional units.

Speaker 1: (00:52)
So now 474 residential properties are listed active for sale of those. There are some coming soon, that's 18. Uh, when you see those properties online, you're gonna have a tendency to want to jump on them. I'll tell you this don't panic because in 99.9% of the time, those real estate sellers out there, the people I list and sell homes for, they wanna wait. They wanna wait until they get complete market saturation with the advertising and marketing plan that I put together for them on a personal level. Also for the residents, actually we get that out there, put on the market, and then we want that complete exposure. Once that happens, then we're able to gauge better how the pricing strategy was. And usually before we have a great idea, what's gonna end up happening because there's plenty of comparables and market data to compare the residents with that I've listed for sale and put out there in the world, uh, to be sold, uh, if the best possible option for that particular seller.

Speaker 1: (01:52)
Now, right now, we're seeing these markets start to slow down where buyers are starting to be a little bolder than they were before, b

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