Low inventory in the residential real estate market drove the median sales price of existing homes to an all-time high in April, according to the National Association of Realtors’ April Existing Home Sales report, released Thursday morning.According to the monthly survey, the median sales price reached a new high of $286,800 in April, up 7.4% year over year.

Concerns: Not in the city proper[My gf is interested in getting the 'city experience'], lack of inventory, especially duplexes)-S philly (Positives: looks like lots of inventory, cheaper houses, known for being safer than N philly.

The inventory is very low and the mortgage rates are still low too, thus increasing the demand. 

The JWB team is very good and I personally like some of their newly built inventory and some of their infill projects.  

But with low inventory, a little higher price and a lot things unsure in this pandemic.

This year is obviously tricky because we could see a little more inventory and coupling with high unemployment.

There was no tax implication for us because a) it was owned in a pass through entity anyways, and b) the house was essentially "inventory" on a balance sheet and was not effecting income yet. 

Inventory is really tight right now.

Pricing is generally much higher than it was 8 or even 4 years ago (before I was in this space, to be clear), and there is not as much inventory, but there is reason to believe there will be an increase in inventory in the next 6 to 18 months.

The difficulty is that most of the multifamily inventory in Moreno Valley isn't in the best of areas, and you may or may not be comfortable living there yourself.