The Vallarta MLS inventory jumped substantially in October with 117 new listings giving a total of 962 listings on the re-sale market. If we look back (see graph below), however, we can see that we usually do see a jump in October each year, followed by increased in November, December and January before leveling out. The overall trend is upwards however. Is this just because of the increase in the size of our market place or are we reaching an oversupply point? As reported earlier, compared to last year sales are only slightly off YTD. But this is just for the re-sale market, which seems to be fairing better than the new product market of the developers.
MLS Inventory Increases