Monday Morning Numbers 3/7/11

Good morning, Happy Monday, and laissez les bon temps rouler! (Mardi Gras is tomorrow, for those who don't know.) Let's take a look at our market stats for this Fat Monday:

Active Listings: 133

Contingent Listings: 40

Pending Listings: 33 (16.0% of the inventory)

New listings: 17

Months of inventory: 6.6
Click here for the updated price per square foot chart.

A pretty big week for new listings brought our inventory level back up to about the level it had been two weeks ago. It was kind of an odd thing to watch as it developed - for about 2-3 days, we got a big influx of listings, then it stopped for a couple of days. Distressed properties make up the bulk of the new listings with 5 REO's and 7 short sales in the mix.

Speaking of distressed properties, the topic for later this week is foreclosure activity. I'm waiting for some numbers that I typically see around the 10th or 11th of the month, so it might be Friday or Saturday before I post that. Make sure you check back in late in the week.