The Beaumont, California housing supply is on the move. It's May 2022 and the hot housing markets have done little to cool off. In fact, if it wasn't for rising interest rates would we see any type of slowing of home sales and prices?
The housing supply has been the bane of homebuyers' existence the last couple of years, and the boom of home sellers' equity. A standard market, one that's considered
normal and neither a seller's market nor a buyer's market, has six months of homes for sale. This means it would take six months to sell off the inventory.
So what does this mean for us now?
Below is a quick graph of Beaumont's active listings for the last year. As you can see in the graph, the number of active listings appears to be on the upswing compared to the rest of the year. According to this data, we're already seeing 150% more active listings in Beaumont from this time last year.
Beaumont Active Listings (Year-Over-Year)
And historically speaking, Beaumont has seen active listings in the range of almost 300 listings at a time, as seen in the 5 Year graph of active listings below. We've seen active listings dip far below the 100 count in the past few months!
Beaumont Active Listings (5 Years)
And if you compare Beaumont, California to its parent County of Riverside, you can see the pattern is not the same. Riverside County has a huge dip since the beginning of the year. But it also matches (maybe) the recent climb back up of active listings currently in the market.
The housing markets have been crazy. Homebuyers have been challenged in every way imaginable. But seeing the data for Beaumont and where the housing inventory may be going gives some hope. Beaumont is one of the fastest growing cities in California and has been a good indicator of where things may be headed.
Do you want more information on the city's housing market? We've compiled a ton of graphs and data for home buyers and sellers. Check it out here:
Riverside County Active Listings (Year-Over-Year)
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