Housing inventory just broke 600 active units for sale in the SCV

Real estate buyers in the Santa Clarita Valley markets have been dismayed as of late because of the less than adequate inventory. It's causing them to slow down their approach and viewing of real estate, simply because there are not very many homes for sale. A few months ago I opined that there would be more units coming on the market for sale in the Santa Clarita Valley cities. And that is starting to come true.  Looking back only a couple weeks ago we had 545 to 565 units for sale here in the Santa Clarita Valley City. I am only speaking about active homes. Not those homes and back up position, and not those homes in pending position, which are both categories of escrow. I'm speaking of the homes that are actually 100% active with in the Santa Clarita multiple listIng service. Santa Clarita Valley has a total of 612 active units for sale. 364 homes are in backup position which is Escrow. 278 homes are  Santa Clarita Valley has a total of 612 active units for sale. 364 homes are in backup position which is Escrow. 278 homes  are intending position which is also escrow. We have 143 new units for sale that it has the Santa Clarita Valley market in the past seven days. I am currently monitoring 69 residential listings that have had their prices changed during the past seven days. 36 properties have fallen out of escrow and are now back on the market for sale in Santa Clarita.  89 real estate listings are currently or have entered the back up position in escrow during the past seven days. We see that five real estate listings have expired within the past seven days in Santa Clarita and also that we have 66 real estate listings that entered the pending status within the SCV cities during the past seven days.  I am Connor MacIvor with Remax of Santa Clarita and ReMax of Valencia it is my honor to serve you and I do appreciate you taking the time to listen to today's real estate podcast