I like to keep up with my local Palm Springs Valley statistics too, but I found this chart very interesting..it actually looks at the number of active Brokers. We are at the lowest rate since 2007! I was around in the boom when every other person you met was a Realtor. I think many people were not doing Real Estate as a career, but rather a “part time” supplement to their income..flipping or representing family/friends.
Take a look at these statistics..
In my local market here in the Palm Springs Valley, even vacant land is beginning to generate calls, and that’s something I haven’t had happen in almost 3 years! My ranch/small farm listings in the East Valley are being toured and I expect I will receive offers this season. Land is always the last thing to turn around in a housing crash, so land sales are very indicative of builder and investor confidence returning.