Monday Morning Numbers 12/20/10

OK, here's the deal - if anybody wants my attention today, they need to get me before about 5:30 tonight. Because right about then, I'm sitting down in front of my TV with some 2° Below Ale to watch the Bears play for a chance to clinch their division against the hated Vikings. Seriously - you can call if you want, I'll just let my phone ring. I'm OK with that, because my ring tone right now is "Bear Down, Chicago Bears".

Wait a minute, what does this have to do with Lompoc Real Estate? Not much, I guess, unless I can convince Brian Urlacher to invest in a few properties here. Let's take a look at our market stats this morning:

Active Listings: 123

Contingent Listings: 39

Pending Listings: 38 (19.0% of the inventory)

New listings: 6

Months of inventory: 6.2
Click here for the updated price per square foot chart.

We had a pretty significant decline in our pending listings this week, mostly due to a big week for reported sales with 12. About half of those sales happened a few weeks ago and got reported this week (I say as I shake my fist at my fellow agents who don't report changes in a timely manner). That dropped our months of inventory down a bit, but it also put us at our lowest point for pending sales as a percentage of inventory since March 2009.

Later this week I'll take a look at resale activity on newer construction homes in our market. Until then, Bear Down!