Oh, their time in the box is

[Ex-SD]

Oh, their time in the box is coming. Look at the growth in inventory. Not a pretty picture.

Greater San Jose Inventory (Sales)

Tracking Santa Clara County, California

Population 2006: 1.77 million
1/02/2006 Listing per population ratio 1:708
8/17/2006 Listing per population ratio 1:335

01/2006: 2,838 (1,486)___01/2005: (1,862)
02/2006: 2,921 (1,776)___02/2005: (1,882)
03/2006: 3,353 (2,632)___03/2005: (2,823)
04/2006: 3,734 (2,424)___04/2005: (2,830)
05/2006: 4,259 (2,496)___05/2005: (2,838)
06/2006: 4,835 (2,763)___06/2005: (3,220)
07/2006: 5,200 (2,059)___07/2005: (2,764)
08/2006: 5,183 (2,252)___08/2005: (2,832)
09/2006: 5,412 (1,867)___09/2005: 3,500 (2,689)
10/2006: 5,039 (1,971)___10/2005: 3,750 (2,557)
11/2006: 4,402 (1,846)___11/2005: 3,403 (2,394)
12/2006: 3,431 (1,908)___12/2005: 2,638 (2,305)

Population 2007: 1.81 million
01/01/2007 Listing per population ratio 1:548
06/10/2007 Listing per population ratio 1:243

01/01: 3,229
01/31: 3,575 (1,606)___02/2006: 2,838 (1618)
02/28: 3,774 (1,654)___02/2006: 2,921 (1,776)
03/31: 4,498 (2,052)___03/2006: 3,353 (2,632)
04/30: 5,184 (2,009)___04/2006: 3,734 (2,424)
05/31: 5,866 (2,179)___05/2006: 4,259 (2,496)
06/30: 6,234 (2,163)___06/2006: 4,835 (2,763)
07/31: 6,426 (1,910)___07/2006: 5,200 (2,059)
08/31: 7,053 (1,908)___08/2006: 5,183 (2,252)
09/30: 7,436