Pending Sales: 6,364 ( +10 from last week)
AWC: 1,023 ( -8 from last week)
Closed Escrows: 1,032 ( +254 from last week)
Active Listings: 54,952 ( +558 from last week)
MTD Closings: 1894
Single Family Stats
Pending Sales: 5,764 ( +1 from last week)
AWC: 937
Closed Escrow: 933 (+216 from last week)
Active Listings: 45233 (+474 from last week)
Not a great week, and sales are slowing down due to either the holidays or the seasonal effects. Inventory is up sharply. There might have been a big influx of foreclosure listings this week; that's a pretty big jump in listings. The numbers point to over 4000 this month, which is okay, but I don't know that we will reach 5000. Mortgage applications were apparently up last week, and I read a report that said sales in october were over 8000+; I am not buying it, unless that includes the foreclosure sales. Its definitely not cutting into inventory, whatever it is.
We are probably at best going to maintain our current doldrums until we get our spring sales starting to show up in February.
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