Inventory Low for South Bay Home Buyers

According to the the California Association of Realtors  Los Angeles presently has a very tight real estate market.  Stating that it is even tighter that  the San Francisco market. An example of this is that in March, there was a 2.7-month supply of available houses in Los Angeles County and houses were only on the market for an average of 31.5 days. Statewide, inventory was down 36 percent from last year and the availability of homes priced below $300k plunged more than 50 percent from the previous year.”