Absorption rate is nothing to be feared, unless you are a real estate seller in a Santa Clarita home buyers market

Santa Clarita Real Estate Daily Update - August 8th, 2024

Connor MacIvor provides a comprehensive update on the current real estate market in Santa Clarita. The update includes:

1. Introduction and Greeting: Connor welcomes the audience and expresses hope that their night went well.
2. Market Overview: The update highlights the current number of active listings, which stands at 496, just shy of 500. Connor emphasizes the significance of inventory levels and the absorption rate in determining the market's status.
3. Market Position: Connor explains that the Santa Clarita real estate market has been in a seller's position for many years. He traces this trend back to the market bottom in 2011-2012, following the absorption of foreclosure inventory.
4. Market Trends and Predictions: The update discusses the market returning to a state of normalcy and even improving beyond previous conditions. Connor also touches on what to expect in the coming months and any potential market changes to watch out for.
5. Additional Information and Commentary: Connor makes a light-hearted comment about needing more ink in the printer for better readability and shares his long-term tracking of real estate inventory and its implications.

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From first responder to real estate expert, Connor with Honor brings honesty and integrity to your Santa Clarita home buying or selling journey. Subscribe to my YouTube channel for valuable tips, local market trends, and a glimpse into the Santa Clarita lifestyle.

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