UR I agree with your points and should have phrased my post in that manner. There is somewhat of a skew in that the a large number of actives are old tardy actives in the 2M plus range that are not going anywhere. So the active to pending ratio skews even MORE towards a sellers market from that standpoint. I do agree with you for sure that a 4-1 ratio is not bad at all. Also as usual the Carmel Valley inventory is suffering alot of the same symptoms as many locales… Not much nice stuff… Some decent deals on fair properties but certainly no great properties at a great price. So yes I do agree more with you then my original response… Let’s just say it will take more time for CV to get where people want it to go. Seems to me that the only thing that will shake CV out will be severe unemployment or a nice strong rate hike.
