Good morning, and welcome to another magnificent summer day here in Lompoc! There are two times a year when this old Midwestern transplant really appreciates living here, and this is one of them. Let's take a look at our market stats for this week:
Active Listings: 92
Contingent Listings: 44
Pending Listings: 58 (28.0% of the inventory)
Price changes for the past week: 9 (5.2%)
New listings: 14
Click here for the up to date price per square foot chart.
We have 5.4 months of inventory on the market this morning. It looks like our inventory is starting to trend back up over the past few weeks. The 14 new listings that came on last week were the most we've seen in a couple of months. Half of those were REO properties. I think we're going to be seeing a few weeks like this in the next couple of months because of the increase we saw in properties going back to the banks over the past couple of months.
Come back later this week for a review of our second quarter activity, and an updated price per square foot chart.
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