According to KNX1070, a new report shows there are more homes now available in the Los Angeles area.
“The listing surge has pumped up the housing supply in Southern California to more than 30 thousand on the market,” said KNX1070.
That number, according to ReportsOnHousing, represents a two percent increase, said the radio station.
For more on the housing market, KNX1070 spoke to Aaron Ouweleen of Rodeo Realty Beverly Hills.
The real estate agent tells KNX’s Jon Baird, regardless of the reports, homes are still being snapped up in a hurry.
“We have a lot of multiple offers on properties, so the properties are in high demand.”
Ouweleen said sellers are often getting well over asking price, which may prompt their neighbors to list their homes as well.
“They want to sell their house, but where are they going to go after that,” said Ouweleen.
For this entire interview, listen below.