Time to update everyone’s

[sdrealtor]

Time to update everyone’s favorite bellweather;)

7/19 to 7/25

new listings – 13
back on market – 3

Total growth in inventory – 16

pendings – 11
expired – 5
withdrawn – 1
cancelled – 4

Total decrease in inventory – 20

Net change in inventory – minus 4

Lots of bad news in the media but not here. Market still holding up so far. Spoke to several agents this week about what the listings look like in their offices. Over the last month or so, new listings are way down. The bulk of the new listings seem to be REO’s and probate sales in the outlying areas. In my submarket the number of listings put into the MLS in July 2007 is down 20% from last year. Declines are coming, it is just taking time.