A Tightening of Inventory in Benicia, Ca

The market in BENICIA, Ca has shown some evidence of slowing this week. Both prices and inventory levels are relatively unchanged in recent weeks where they have plateaued, with no strong up or down signals from these data. Their are only 23 properties on the market currently, for an average of 111 days.

As indicated below, when inventory was up at the begining of this year and the end of last year we had significanty less Days on Market. This was also influenced by high market activity during that time. Their is no difinitive indication for potential increase in inventory of homes for sale in the near future. However, that doesn’t neccessarily mean a change in the market activity could occur.

Real Estate Market Chart by Altos Research www.altosresearch.com

Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply. These trends are readily available for your viewing pleasure by creating a user name and password to the right of this article. This enables you to login and GAIN FULL ACCESS to gauge market conditions via updated weekly stats.