Thin inventory in North San Diego County real estate market affects March activity

FALLBROOK – Prices and market-time for homes in Fallbrook and Bonsall improved in March, boosted in part by declining volume, Jerry Kalman, a realtor® with HomeSmart Legends here, reported April 5.

The inventory improved steadily throughout the month to 184 units. Despite an almost 15 percent inventory increase from a very low February, any inventory below 200 units is cause for concern especially entering the second quarter of the year, he said.

Comparing March 2017 with the same period a year ago, prices were 18 percent higher at $584,000 while volume was off 21 percent. Homes took 10 percen...