Active Listings Up
Only 1/3 of new listings this week are lender-owned.
Another 500+ are short-sale listings.
3,065 of November Sales were Bank-Owned.

Pending: 10,905 ( +84 from last week)
Pending Sfam: 9,535 ( +67 from last week)

AWC: 6,244 (+112 from last week)
AWC SF: 5,472 ( +99 from last week)

Closed 11/30-12/6 2,204 ( +614 from last week)
Closed Sfam: 1,902 ( +510 from last week)

Active Listings: 33,903 ( +428 from last week)
Active Sfam: 26,346 ( +362 from last week)


Here is a little data to place in historical perspective that you might find interesting.

Year to Date Sales: 84,848 (Through 11/30/09)
2003: 79,512
2004: 98,294
2005: 104,133
2006: 74,106
2007: 54,231
2008: 59,225
2009: Likely to top 90,000 sales.

New listings for the week were 2,488. About 800 were bank listings, far less than what I expected. I just envisioned that as being higher.

I am swamped today, so no analysis. I did pull the number of bank-owned sales in November, and I was surprised that the number wasn't higher. I was also surprised to see that bank-owned didn't make up a larger portion of the new listings from the last week. I checked last year's inventory levels for this week, and they all climbed in the first week of December, before starting to fall off a bit. If the number of new listing was massively lender-related, I would be more concerned that the number wouldn't be falling over the course of December. It still might not, but its playing pretty close to the seasonal factors right now.

Have a great week.