If you home is priced below 1 million in PV, your home is in hot demand with less than 2 months supply available to Buyers.
The 1-2 million and 2-2.5 million stayed virtually the same as the last two weeks with only a slight increase in supply. The 2.5-3 range inched upwards with more Sellers than Buyers. Interestingly though, the 3-4 million dollar range is nearing balanced supply of Buyers and Sellers (almost in the green zone). Over 4 million still shows over a years supply of homes and over 5 million - Yikes, 96 plus months supply.