Short sales 1,705 heading up again from 1,635 last week!
Total SD County Listings 15,733 a decent climb from 15,393 last week. We are in tax season so this should be a couple of quiet weeks. I’d expect a slight climb in inventory the next couple weeks and then the fun begins around May 1st with the biggest surge in inventory expected in June.
In the North County Coastal market that I watch closely, Inventory ticked up slightly this week while pendings dropped slightly. The increase in listings is about what you’d expect for the season and the decline in pendings probably represents the late reporting of March EOM closings.
448 SFR’s active the 2nd week in April compared to 541 in 2006 and 273 in 2005. 183 SFR’s in escrow the 1st week in April compared to 170 in 2006 and 192 in 2005.
We are getting closer to a final number for March closings of resale homes (I pull out the builder sales) were 90 last year and 93 reported so far for this year.
For the county watchers in the audience, there were 2,006 sales in 2006 and so far there have been 1,491 reported for 2007 in March. We are clearly seeing a separation between different geographical areas response to the housing market.
