I imagine that it's only natural that when there is no supply of real estate inventory at one point, the demand will create a stimulus.
That is what we are seeing as the amount of homes on the market increase from 10 to 20 in one week. According to the MLS (Mulitple Listing Service), prices are increasing along with the inventory.
There is currently one house for sale under $400,000 and two under $500,000. The majority for sale are in the $500,000 range, from the low-$500,000s to the high-$500,000's.
All homes have offer dates.
Karin Cunningham, "Your San Bruno Neighborhood Specialist," is a Realtor with Prudential California Realty. She can be reached at 650-438-3504 or karinc@prucal.com. Visit her on the Web at www.KarinCunningham.com or check out her blog, San Bruno Life, on Facebook.
