Here we are on Monday morning once again, and all is right with the world. The Cubs took possession of first place in the NL Central yesterday, which makes me a very happy boy. Yeah, yeah, I know, it has nothing to do with Lompoc real estate, but some things just have to be celebrated. Let's take a look at something that does have something to do with our market:
Active Listings: 97
Contingent Listings: 57
Pending Listings: 53 (25.6% of the inventory)
Price changes for the past week: 3 (2.0%)
New listings: 13
Click here for an updated price per square foot chart.
It looks like our inventory is heading back up a bit, as I've been expecting. It probably has a little further to climb, and then I expect to see it level off again. Foreclosure activity has slowed again, at least for the time being, which should keep the active listings down a bit. We are at 6.5 months of inventory this morning, which is a high point for the year so far.
The "Focus On" post later this week is TBD. I might go back to a neighborhood update, or I might come up with another idea. Go Cubs!
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