Monday Morning Numbers 9/20/10

Good morning again, and BEAR DOWN CHICAGO BEARS! Sorry about that, I'm just a little over-exuberant about that tough road win. And now it's officially Packer Week... Let's take a look at this week's market stats:

Active Listings: 124

Contingent Listings: 38

Pending Listings: 54 (25.0% of the inventory)

New listings: 6

Months of inventory: 5.9
Click here for the updated price per square foot chart.

We had a bit of a decline in the raw number of active listings this week, mostly due to a notable spike in pending sales. Another tepid week for new listings coming on the market was also a factor. Our months of inventory edged up a little more this week, but that has more to do with a slowdown in sales activity than anything. If that little spike in pending sales turns into anything resembling a trend, we'll probably start to see that months of inventory number edge back down in a couple of months. That might also happen if we continue to see a trend of lower numbers of new listings.

Later this week I'm going to update REO activity in our market. You know you don't want to miss that.