We think you will be interested in this article from the Wall Street Journal on the condition of real estate "inventory" in California. Then it occurred to us that you might be interested in the definition of inventory, so we looked it up. Here's a nice, concise definition:
The amount of time it would take to sell all current listings at the current sales pace if no new listings became available. Normally measured in months (i.e. there's currently 8 months of inventory available).
This definition of Inventory Level contributed by finecoastalliving, through the site called Real Estate Forums.
And now for the story...
What's it like in Gilroy? Very competitive, when properties are priced right. Pricing is the key. It always has been and it always will be.
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