For the last year the San Gabriel Valley and Inland Empire housing inventory has been steadily decreasing while demand has stayed consistent. In September 2011 we had approximately 4 months of inventory left, meaning that if there were no more houses listed for sale from that point on, we would run out of available houses in 4 months. By the end of July 2012 our inventory was cut by more than half to 1.6 months of available inventory. Homes that are listed at or close to market value are receiving multiple offers. At the close of July 2012 our market place per MLS data had 2,835 available properties and July closed sales of 1,738.
Our Supply Vs. Demand data is pulled from the Multiple Listing Service and covers the following cities: Azusa, Baldwin Park, Chino, Chino Hills, Claremont, Corona, Covina, Diamond Bar, Fontana, Glendora, Hacienda Heights, Industry, La Puente, Valinda, La Verne, Montclair, Ontario, Pomona, Phillips Ranch, Rancho Cucamonga, Rowland Heights, San Dimas, Upland, Walnut, West Covina and Whittier.
