I read the dataquick numbers today as well. It is not surprising to me at all.
Some of us have been crowing about the fact that sales have increased and yes that inventory is poor. Also think of it this way, even if inventory DID match the same levels as last year, the months of inventory would be way down due to the increased sales rate correct?
sdcellar, inventory is pretty poor. Let me ask you this, you said you “see” plenty of inventory. Do you mind if I ask what you are looking for? Which zips, what types of homes. Also have you called (or asked your agent to call) on any of the homes that you are referring to? I just want to be sure.
What I will try to do is see if we can do a present inventory level and compare it to “active” inventory last year and see how the numbers look.
Also please recall I have been harping endlessly that for active listings that are short sales it is my opinion that as many as half of them are either not accepting any more offers or are only accepting backup offers.
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Now as you said it might be the bottom for the lower end but everything else is still falling. I could not agree with you more.
So lest look more into the numbers and compare some zip codes from my post a few days ago comparing sales volumes and average price..
I think that for the most part the lower end zip codes do have more sales in 09 then 08 but there are some that don’t fit the trend. However if we have a few more months in there, I think we will see the pattern emerge that is consistent with your statement and I agree with it.
Still though it is hard for me to see this being a bottom even for lower end stuff given the economy.
Like I have said over and over, I think this is a cyclical thing and I want to see how things look come mid summer. I anticipate a slowdown.
yr zip sales lp sp dom
09 92009 13 692 671 93
08 92009 21 957 919 98
