Monday Morning Numbers 2/1/10

And we've wiped out a month of this year already... Let's take a look at our market numbers for the week:

Active Listings: 65
Contingent Listings: 48
Pending Listings: 47 (29.4% of the inventory)
New listings: 6
Months of inventory: 3.9
Click here for an updated price per square foot chart.

Remember how I've been saying that we're probably coming into a period of decreased listings? This might be the beginning of that. Our active listings dropped off sharply from this time last week. To put it in percentage terms, we dropped 14.5% of our active inventory in a week. The result of the slowdown in foreclosures in the past couple of months, and the holiday moratorium on evictions appears to be starting to show up in terms of new listings. To illustrate that point, only two of the new listings that came on last week were REO's. And it might be a little while before inventory picks up again - we had no properties in Lompoc taken back by the banks last week. None. Zero, zilch, nada.

I probably won't have a post later this week. It's time once again for me to run off to the California Association of Realtors state meetings. This time I get to go to the desert, down in Indian Wells.