With OC's inventory up over the past year 33% for SFR's and over 50% for Condo's, it makes sense to expect prices to feel downward pressure. The problem is in the numbers. Percentage gains can appear more impactful when the numbers are smaller. After all, 30% of a small number is still a small number. We are still seeing more buyers than decent properties and the competition, while not as ridiculous as it was, is still very real. Just go out and try to buy a good home. The truth is, right now increased inventory is fueling higher sales volume. This is definitely good for the market. We are starting to see regular Joe's out there buying homes. It's not just the cash investors that are getting everything now. Perhaps the healthiest thing for our market right now is getting buyers into homes they intend to live in and are buying with a decent amount of cash.
