Happy Rainy Monday, everybody! I'm mostly recovered from a weekend of lackluster playoff football games, and ready to brave what passes for inclement weather in this part of the world. Seriously - I get the biggest kick out of Californians complaining about getting rained on this time of year. Go spend a January in North Dakota, then get back to me. Anyway, let's take a look at our market numbers for this week:
Active Listings: 75
Contingent Listings: 44
Pending Listings: 48 (28.7% of the inventory)
New listings: 13
Months of inventory: 3.7
Click here for an updated price per square foot chart.
Only some minor movement to report this week in these numbers. Despite a relatively robust week for new listings on the market, we saw a little drop in our active listings this week. That drop corresponded roughly with an increase in pending units. As I've been saying for a few weeks, at some point in the next handful of weeks, I expect to see some drop off in new REO listings, which should result in a bit of a dip in the inventory.
Later this week I'll put out an update on condo activity in our market, and in coming weeks I have some new topics to cover that I think will be interesting. Keep checking in.
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