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The statistics for Humboldt County's real estate market are very, very
remarkable. I've had to tweak the parameters of my graph axis to keep the data
on the chart!
The inventory of active homes in Humboldt County has literally fallen off
the charts! I've never seen less than 500 homes on the market until last
December, and now we are under 400! There is a real shortage of homes on the
market right now!
But demand is up! We sold more homes in January than any of the past 5
years, and more than the average of the 6 years before that! Folks are buying
homes!
With supply low and demand high, we should see rising prices. Well, not
quite yet, but they are certainly not falling. We spent most of last year between
$240K and $260K. We start this year right at $240K, a $17K improvement over
last year!
Similarly, the median home price is up over last January, and right in
line with our market performance last year.
The bottom line is that Humboldt County's real estate market is poised
for some nice price gains. If you're thinking about buying, this might be your
last chance to buy "at the bottom." If you need to sell, there is
limited competition, so call me and let's jump in!
