- This topic has 75 replies, 11 voices, and was last updated 16 years, 5 months ago by
NotCranky.
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April 22, 2008 at 9:44 AM #192263April 22, 2008 at 9:52 AM #192345
DWCAP
ParticipantYear__Jan___Feb___Mar__Total
2007..1750..1851..2419..6020
2008..1308..1430..1595..4333
Chg___-25%__-23%__-34%__-28%“We currently have 18660 actives and 5148 pendings reported in the MLS for SD County. Add those together and you come out to 23808; divide by 2000 (avg Monthly closed sales) and that comes out to almost 12 months of inventory vs. closed sales.”
From what I see so far this year the monthly average is more about 1450 sales than 2000. 23808/1450 is 16.4 months of inventory. Or roughly enough to last us till about August 2009.
From the other threads I have a feeling that sales in April will be significantly higher than the first three months. Apparently south Cbad has no homes for sale. I wonder if this has anything to do with the super conforming morgages that come out this month? Interesting to see how it all plays out.
April 22, 2008 at 9:52 AM #192329ParticipantYear__Jan___Feb___Mar__Total
2007..1750..1851..2419..6020
2008..1308..1430..1595..4333
Chg___-25%__-23%__-34%__-28%“We currently have 18660 actives and 5148 pendings reported in the MLS for SD County. Add those together and you come out to 23808; divide by 2000 (avg Monthly closed sales) and that comes out to almost 12 months of inventory vs. closed sales.”
From what I see so far this year the monthly average is more about 1450 sales than 2000. 23808/1450 is 16.4 months of inventory. Or roughly enough to last us till about August 2009.
From the other threads I have a feeling that sales in April will be significantly higher than the first three months. Apparently south Cbad has no homes for sale. I wonder if this has anything to do with the super conforming morgages that come out this month? Interesting to see how it all plays out.
April 22, 2008 at 9:52 AM #192390ParticipantYear__Jan___Feb___Mar__Total
2007..1750..1851..2419..6020
2008..1308..1430..1595..4333
Chg___-25%__-23%__-34%__-28%“We currently have 18660 actives and 5148 pendings reported in the MLS for SD County. Add those together and you come out to 23808; divide by 2000 (avg Monthly closed sales) and that comes out to almost 12 months of inventory vs. closed sales.”
From what I see so far this year the monthly average is more about 1450 sales than 2000. 23808/1450 is 16.4 months of inventory. Or roughly enough to last us till about August 2009.
From the other threads I have a feeling that sales in April will be significantly higher than the first three months. Apparently south Cbad has no homes for sale. I wonder if this has anything to do with the super conforming morgages that come out this month? Interesting to see how it all plays out.
April 22, 2008 at 9:52 AM #192302ParticipantYear__Jan___Feb___Mar__Total
2007..1750..1851..2419..6020
2008..1308..1430..1595..4333
Chg___-25%__-23%__-34%__-28%“We currently have 18660 actives and 5148 pendings reported in the MLS for SD County. Add those together and you come out to 23808; divide by 2000 (avg Monthly closed sales) and that comes out to almost 12 months of inventory vs. closed sales.”
From what I see so far this year the monthly average is more about 1450 sales than 2000. 23808/1450 is 16.4 months of inventory. Or roughly enough to last us till about August 2009.
From the other threads I have a feeling that sales in April will be significantly higher than the first three months. Apparently south Cbad has no homes for sale. I wonder if this has anything to do with the super conforming morgages that come out this month? Interesting to see how it all plays out.
April 22, 2008 at 9:52 AM #192273ParticipantYear__Jan___Feb___Mar__Total
2007..1750..1851..2419..6020
2008..1308..1430..1595..4333
Chg___-25%__-23%__-34%__-28%“We currently have 18660 actives and 5148 pendings reported in the MLS for SD County. Add those together and you come out to 23808; divide by 2000 (avg Monthly closed sales) and that comes out to almost 12 months of inventory vs. closed sales.”
From what I see so far this year the monthly average is more about 1450 sales than 2000. 23808/1450 is 16.4 months of inventory. Or roughly enough to last us till about August 2009.
From the other threads I have a feeling that sales in April will be significantly higher than the first three months. Apparently south Cbad has no homes for sale. I wonder if this has anything to do with the super conforming morgages that come out this month? Interesting to see how it all plays out.
April 22, 2008 at 9:55 AM #192395nostradamus
ParticipantUnless the trend from the 1st quarter completely reverses it looks like 2008 might be the worst year since the mid-1980s
I thought the holy trinity of realtors here have been reporting mad activity lately… I guess it relates more to pendings than closed sales?
April 22, 2008 at 9:55 AM #192307ParticipantUnless the trend from the 1st quarter completely reverses it looks like 2008 might be the worst year since the mid-1980s
I thought the holy trinity of realtors here have been reporting mad activity lately… I guess it relates more to pendings than closed sales?
April 22, 2008 at 9:55 AM #192334ParticipantUnless the trend from the 1st quarter completely reverses it looks like 2008 might be the worst year since the mid-1980s
I thought the holy trinity of realtors here have been reporting mad activity lately… I guess it relates more to pendings than closed sales?
April 22, 2008 at 9:55 AM #192278ParticipantUnless the trend from the 1st quarter completely reverses it looks like 2008 might be the worst year since the mid-1980s
I thought the holy trinity of realtors here have been reporting mad activity lately… I guess it relates more to pendings than closed sales?
April 22, 2008 at 9:55 AM #192350ParticipantUnless the trend from the 1st quarter completely reverses it looks like 2008 might be the worst year since the mid-1980s
I thought the holy trinity of realtors here have been reporting mad activity lately… I guess it relates more to pendings than closed sales?
April 22, 2008 at 9:57 AM #192312jpinpb
ParticipantI agree. The pendings shouldn’t be counted as a sale b/c they can fall out of escrow. I know I already said somewhere in a thread about Dataquick counting it as a sale. What happens if it does fall out of escrow, which now w/tighter standards, they may. Or say on a new development (downtown) where you put money down and the market sucks, you change your mind and escrow doesn’t close when your unit is finished. The Dataquick sales numbers may not be accurate.
April 22, 2008 at 9:57 AM #192401ParticipantI agree. The pendings shouldn’t be counted as a sale b/c they can fall out of escrow. I know I already said somewhere in a thread about Dataquick counting it as a sale. What happens if it does fall out of escrow, which now w/tighter standards, they may. Or say on a new development (downtown) where you put money down and the market sucks, you change your mind and escrow doesn’t close when your unit is finished. The Dataquick sales numbers may not be accurate.
April 22, 2008 at 9:57 AM #192283ParticipantI agree. The pendings shouldn’t be counted as a sale b/c they can fall out of escrow. I know I already said somewhere in a thread about Dataquick counting it as a sale. What happens if it does fall out of escrow, which now w/tighter standards, they may. Or say on a new development (downtown) where you put money down and the market sucks, you change your mind and escrow doesn’t close when your unit is finished. The Dataquick sales numbers may not be accurate.
April 22, 2008 at 9:57 AM #192339ParticipantI agree. The pendings shouldn’t be counted as a sale b/c they can fall out of escrow. I know I already said somewhere in a thread about Dataquick counting it as a sale. What happens if it does fall out of escrow, which now w/tighter standards, they may. Or say on a new development (downtown) where you put money down and the market sucks, you change your mind and escrow doesn’t close when your unit is finished. The Dataquick sales numbers may not be accurate.
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