Good morning! Looks like we're in for another great week here in our little undiscovered corner of California. Good weather ahead, and the dog show rolls into town later this week. Oh, and it looks like I'm going to start having a good crop of cherry tomatoes by about the end of the week. Good times. Anyway, let's take a look at this week's market stats:
Active Listings: 90
Contingent Listings: 52
Pending Listings: 54 (27.6% of the inventory)
Price changes for the past week: 10 (7.0%)
New listings: 11
Click here for an updated price per square foot chart.
Not much change in the numbers this week, with the exception of a pretty big jump in the number of contingent listings. Most of the listings that went contingent last week were REO's, and those don't tend to stay contingent for very long, so I expect to see an increase in pending listings coming in the next couple of weeks. We have 5.8 months of inventory on the market this morning.
Come back later this week, and I'll update Mission Hills activity for you.
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