“We currently have 18660 actives and 5148 pendings reported in the MLS for SD County. Add those together and you come out to 23808; divide by 2000 (avg Monthly closed sales) and that comes out to almost 12 months of inventory vs. closed sales.”
From what I see so far this year the monthly average is more about 1450 sales than 2000. 23808/1450 is 16.4 months of inventory. Or roughly enough to last us till about August 2009.
From the other threads I have a feeling that sales in April will be significantly higher than the first three months. Apparently south Cbad has no homes for sale. I wonder if this has anything to do with the super conforming morgages that come out this month? Interesting to see how it all plays out.
