Monday Morning Numbers 10/26/09

Hey, wasn't I just here? Well, I'm back to take a look at our Monday market stats:

Active Listings: 57
Contingent Listings: 61
Pending Listings: 65 (35.5% of the inventory)
New listings: 4
Months of inventory: 3.8
Click here for an updated price per square foot chart.

If you've been reading this blog regularly, you might remember about six months or so ago that I made note that the number of listings under contract (combined contingent & pending) outnumbered our active listings. It's been that way ever since, and as of this week, we now have twice as many listings under contract than we have active listings.

Chew on that for a second. I'll wait.

OK, a couple of other numbers of note in here: 57 active listings? Are you kidding me? It's getting to be like the limbo - "How low can you go, mon?" And for the first time in this cycle, we are under 4 months of inventory. And that's counting the contingent listings as active (which is technically true). If I take those out and just look at active listings, it's 1.8 months.

Anybody have a house they'd like to sell? This market needs some inventory.