SDL is very suspect in terms of accuracy. I prefer to go to the source. Here is to the minute stats from the MLS
Active 11585 (of which about 3000 are over 800K)
Contingents (short sales or REO’s with at least one and likely a few offers) 4255
Pendings 5106
Sales – about 2900 per month (averaged over the last 90 days)
Under 800K there are more contingent/pendings than actives. Dividing actives by monthly sales its less than a 3 month supply. So if you are looking in the higher prices you have some power. If you are looking below that, it is a very balanced market.
More supply coming via shadow inventory…I say bring it on!
