I don't know if we've hit the absolute bottom of the market yet, but I believe we're well past the halfway point. For Camarillo, Housing inventories continue to decline (down 38% compared to a year ago) and the number of sold properties continues to rise (up 70% compared to a year ago).
Another positive trend is the Months Support of Inventory has dropped 69% from a year ago, from a high of 23 months down to 7 months. Similarly, the average days a single family home can expect to be on the market is just under 90 days.
There are similar market indicators throughout Ventura County. If you're interested in getting more detailed information about market trends in your area, ask for it and I'll post it!
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