Statistics UPDATE

2010 sales down from 2009
January '11 Closed up Sharply from Jan '10.
Inventory Levels down from September Sharply




2010 Closed: 90,263 (-1490)
2010 Closed Sfam: 76,084 (-4696)

January '11 :

Closed Overall: 6,604 ( + 784 from '2010)
Closed Single Fam: 5,537 ( + 549 from '2010)

Housing Supply Ratio: 4.7 months
Sfamily Ratio: 5.04 months


February 14-20th

Active Listings: 34,342 (-823 from last year)
Active Singlefam: 27,918 (+414 from last year)

AWC: 6,625 ( -350 from last year)
AWC Sfam: 5,702 (-272 from last year

Pending: 12,689 (-150 from last year)
Pending Sfam: 10,821 (-219 from last year)

Closed 1/14-1/20 1,507 (3,483 through 2/20/11)
Closed Sfam: 1,277 (2,917 through 2/20/11)


Sales closed down in 2010 from 2009; seemingly hardest hit were single family numbers. Sales themselves were pretty flat; maybe down 1.1 percent. Sfam was down at a much sharper rate of almost 5 percent.

Inventory has been trending down from the second peak we experienced in 2010. Inventory has now fallen back to just about the same levels as we were last January, except that we may now be in a place where inventory trending is falling rather than rising. Sales levels are also at higher levels in 2010, and if that trend continues, inventory could get eaten up quickly. We are only at 4-5 months worth now; assuredly sales are higher during the next six months and we will be pressuring inventory levels.