Monday Morning Numbers 10/4/10

Good morning again! I'm up to my ears in stuff to do before I can get out of town for some association business tomorrow. Getaway days are always a mad scramble. The good - well, more like mitigating - news is that Diane isn't traveling with me this time, so someone is here to tend to the business on the home front. Let's take a look at the numbers for this week:

Active Listings: 122

Contingent Listings: 33

Pending Listings: 56 (26.5% of the inventory)

New listings: 10

Months of inventory: 5.5
Click here for the updated price per square foot chart.

This looks like another week of largely unchanged numbers, as we seem to be in another little plateau of inventory and activity for a little while.

As a follow-on to the REO post I did a couple of weeks ago: I had mentioned that there had been a recent announcement that Fannie Mae was going to put pressure on loan servicers to process foreclosures more promptly. Well, last week we started to see reports that Chase & GMAC are actually imposing a moratorium on foreclosures for a period while they sort out some legal issues. That might dampen inventory growth a bit in coming months. I give up on trying to guess what's going to happen next.

Unless something real interesting happens, I probably won't have a post later this week. Try not to go into withdrawal.