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Inventory of Playa Vista resale homes continues to shrink.  Most agents, including myself have little to show buyers anxious to purchase a good deal. Available properties are too dark, poor layout or value.  But it's happening all over the state.
In fact California’s Unsold Inventory Index (UII), a closely watched index indicating the number of months needed to deplete the supply of homes on the market atthe current sales rate, declined to 3.8 months in December, the lowest level in five years, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).  By comparison, the UII for existing, single-family homes stood at 5.6 months in December 2008.
Posted by Dale Ross on January 29th, 2010 10:37 AM

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