Russell Pruner, the owner of Riverside-based Shore & Country Properties, who also compiles sales figures, noted that inventory is currently very high, and homes are not falling off the market.
For example, of the 95 single-family homes priced between $2 million and $3 million currently on the market, there are only around 14 sales pending.
Pruner said he recommends people planning to sell their homes list them earlier in 2011, while mortgage rates remain low, which could lure buyers.
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