Massive price reductions in the past 7 days in Santa Clarita Valley, is this a sign of coming times?

Hi, I'm Connor with Honor - message me here! Welcome to your Daily Santa Clarita Real Estate Update! I'm Connor MacIVOR, your trusted guide in the dynamic world of real estate. Today is July 14th, and it's Sunday! 🌞 🏡 Market Highlights: Total Active Listings: 465 properties spanning single-family residences, condos, and townhomes.New Listings: 84 in the past week.Price Changes: 64 properties, with a significant 90% being reductions.Market Trend: Higher inventory levels than in the past 2 year...