I could not let this go by this weekend without noting it. As of Saturday afternoon, overall listings have fallen to 49,896! I don't know if it will stay below it, so I definitely had to post it while its there. This is a significant milepost, as we have not been in this position since the first half of 2007. This number needs to fall a lot further, but we are getting there at a steady pace. By the way, single family number are at 40,334. Right now about 90% of monthly sales are single family homes, so there is about an 8.4 month supply of single family homes, using the initital sales number from February. (Expect march to be significantly higher) The initial overall sales figure for February finished above 5200, a few hundred more than it looked like it would reach. We have all of our numbers moving in the right direction with the exception of price, which is probably still slipping a little, but maybe not for long.
I was kind of excited to see this so I wanted to share it.
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