Lower sales volume in 2006

Realtors see 4.7% drop in 2006 home resales

While it's expected that California will see a 2% drop in sales volume this year, the National Association of Realtors is predicting a 4.7% drop nationwide. Once again, the Golden State should outperform national averages and is expected to have the third best year on record. Not too shabby for a market that the media has pounded for a couple of years now with talks of bursting bubbles and collapsing values.

And here on the Coast, our usual protections of relatively low availability/high demand still exist. We're beginning to see much more buyer activity as inventories reach two year highs (coming out of extreme lows). We're positioned to find some balance in a market that has gone from a strong sellers market in 2004/2005 to a buyers market in late 2005/early 2006.

Prices seem to be holding fairly steady after an adjustment period where listings were regularly reduced in order to attract nearly non-existent buyers. Price growth is slated for about a 5% increase overall in 2006.

Go to www.bodegabayproperties.com to see what's available.