Pending: 9,991 ( -353 from last week)
Pending Sfam: 8,720 (-321 from last week)
AWC: 6,950 ( -240 from last week)
AWC Sfam: 6,019 ( -212 from last week)
Active: 18,800 ( -263 from last week)
Active Sfam: 14,641 (-189 from last week)
Closed 12/20-12/26: 1,731 (-12 from last week)
Closed Sfam: 1,443 (-31 from last week)
Closings MTD: 5,820
Inventory has reached another important milestone, and has fallen into the 18,000s. This is the low water mark for inventory since 2005, at least. Inventory continues to fall, even as sales slow down as we reach the least active time of the year. The sales are actually much stronger this month than I expected them to be. Anything above 7000 is really considered to be an excellent December; it appears they could finish even stronger.
The new listings are still looking like they are decreasing, further pressuring supply, and the median price is rising again this month. It might not finish this way, but the price is up by $3,600 over November right now.
I am going to wrap it up with that; the interesting news is that inventory has slipped a long way, and we seem to be heading in the right direction. I will have more on this next week.
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