David Englin

"The market remains strong, driven by low interest rates and a large number of buyers but some subtle changes are occurring", observed David Englin, President of the MRMLS." Price appreciation is slowing in some areas because the price of homes has risen so fast over the past few years that it has reduced the affordability index throughout the state.

David Englin

David Englin Immediate Past President

The average time to sell a home was 48 days in the January through February period, 14 days longer than the same period a year ago, said David Englin, president of the Multi-Regional Multiple Listing Service.

"It shows that affordability is slowing the market, and when rates rise the market will slow even more," Englin said.

David Cosner, president of Prudential California Realty, with six offices and about 500 agents in the Inland Empire, and David Englin, president of the MRMLS and an agent with RE/MAX All Stars in Corona, contend that the slowing in the Inland market this fall is largely seasonal.

The average time to sell a home was 48 days in the January through February period, 14 days longer than the same period a year ago, said David Englin, president of the Multi-Regional Multiple Listing Service.

"It shows that affordability is slowing the market, and when rates rise the market will slow even more," Englin said.

"Transaction Manager is an easy-to-use platform that does not sacrifice depth of functionality, and fits exceptionally well with our business model," said David Englin, president and chairman of the board at MRMLS.

Now with a larger supply of homes on the market appreciation has slowed and buyers have a greater choice of homes,, observed David Englin, President of the MRMLS. ,We continue to experience strong resales despite the growing number of new home developments,.