Monday Morning Numbers 8/30/10

Good morning again, and welcome back to another exciting edition of Monday Morning Numbers! Let's see what's happening in the Lompoc Valley real estate market this week:

Active Listings: 125

Contingent Listings: 42

Pending Listings: 47 (22.0% of the inventory)

New listings: 14

Months of inventory: 5.4
Click here for the updated price per square foot chart.

These are some pretty stable numbers from last week, with a little bit of an increase in contingent and pending sales. Remember a couple of weeks ago I told you that I expected to see a small influx of REO listings soon? We got six of them this week, and 10 of the 14 new listings were distressed properties. We still have a small backlog of REO listings that have yet to hit the market, so it wouldn't surprise me to see them continue to trickle in.

Later this week I'll be taking a look at the Southside.