I know, I know, I can’t keep calling it the weekly Lake Oroville housing report if I don’t actually report WEEKLY. So, my phrase of the day is: Better late than never.
On the whole, there is not anything too earth-shattering in the Oroville real estate numbers over the past couple of weeks. Unit sales are remaining fairly steady and the inventory of homes for sale in the Oroville market is sustaining the low levels that we have seen for a few months now. Oroville buyers are still having a tough time dealing with these low inventories in the face of rapidly rising interest rates, while sellers continue to hold back from listing their homes for sale waiting for the market values to climb higher.
And speaking of sellers: Continue reading