MLS inventories continue to increase with a total of 1,163 properties now listed with Multi-List Vallarta. The MLV print catalog is getting a little heavy and a little expensive to produce!
Since October of 2006, as shown in the attached graph, inventory totals have risen from just under 500 listing to now nearly 1,163. The most dramatic increase has been most recently, in the past three months.
In the past I have commented that I thought these increases were just a normal adjustment of a market that has seen five-to-six years of incredible growth, especially with new developments coming online. Now, however, I think the increases we are seeing are because of what is happening to the US and global economies. People are putting their homes up for sale because they need to sell. Must be that reason because this certainly is not the best time to be listing a home on the active market. I think this upward trend will continue into the new year, as 2009 is not being forecasted as a very good year for the global economy.