Monday Morning Numbers 1/3/11

Happy New Year! Hope you didn't overindulge on Friday night - or if you did, at least that you've recovered by now. Let's take a look at our first market stats of 2011:

Active Listings: 122

Contingent Listings: 32

Pending Listings: 40 (20.6% of the inventory)

New listings: 9

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

It might be a brand new year, but these look a lot like last year's numbers. We had more new listings last week than I would have expected given that it was a holiday week. My first thought would have been that they were heavily REO listings, but no - 6 of the 9 were short sales. Interesting. It used to be that we would see a whole bunch of expired listings at the end of the year, and our inventory would take a minor dip. But the old norms have gone out the window in this market, as I've said a few times in the past.

I didn't get to a mid (or even late) week post last week. C'est la vie. Later this week I'll work on an update on Mission Hills activity.