Monday Morning Numbers 4/6/09

Another Monday morning, another set of numbers:

Active Listings: 101
Contingent Listings: 35
Pending Listings: 36 (20.9% of the inventory)
Price changes for the past week: 5 (3.7%)
Click here for our most recent price per square foot chart.

I'll have an updated price per square foot chart out next week reflecting our first quarter 2009 sales.

The numbers this week look awfully similar to the numbers I've been posting on here for several weeks. About the only change of note is that some of the contingent listings moved into pending status. We still have solid demand for houses, and not as much inventory to choose from as we had for the past couple of years.

Don't expect to see that change from REO listings anytime in the near future. I've been tracking what's out there in terms of foreclosed homes that haven't hit the market and unresolved Notice of Sale (NOS) recordings. As of this morning, I can identify 42 REO properties that have yet to hit the market (down from 50 a few weeks ago) and 89 unresolved NOS recordings (78 a few weeks ago). We've been seeing a decrease in the number of homes going back to the bank at the courthouse steps in recent weeks. Most sales have been postponing for anywhere from a couple of weeks to a couple of months from the scheduled date. We had wondered if that might change when April rolled around. Fannie Mae and Freddie Mac had moratoriums on foreclosures through the end of March, so we thought that we might see a few more of these resolve in April. So far through the first week of the month we haven't seen a change. But it's early - we'll keep an eye on it.