What Current Market Information Means to Buyers and Sellers

Pending Icon for Status Reports

I’ve been collecting the market data and included this snapshot of inventory information from the past year and a half or so.   What these numbers help me determine is important to buyers and sellers alike; it shows me how long will a home be on the market and what kind of competition it will have.  Today if no more homes go on the market  we will be out of single family inventory in almost 5 months.  With the average escrow period at 35 days, if you ask me to help you sell your home, I would recommend a compelling price that will move your home the front of the line of those going into escrow heading toward the goal of being sold.  The sellers who aren’t as interested in competitive pricing will be the ones left at the end of that line in 4.8 months.  From a buyer’s perspective, this information can be used in how best to approach an offer on a listed home.  With all the sites available to house hunters, buyers are very aware of a well priced property and knowing if there are ten more to choose from or one more to choose will help you in the initial offer phase.

Active Listings:  284 Today – Single Family Residences, City County

Sold Listings:  59 in the past 30 days

Pending Listings: 92

Months Supply:  4.81

Date Active Pending Sold Last 30 Days Absorption Rate orMonths Supply
March 26, 2013 120 93 40 3.00
April 1, 2013 120 94 63 1.90
April 16, 2013 120 94 63 1.90
April 26, 2013 123 103 44 2.80
May 10, 2013 200 128 64 3.13
May 20, 2013 145 105 58 2.50
June 12, 2013 186 99 71 2.62
July 1, 2013 217 95 47 4.62
July 15, 2013 230 56 33 6.97
August 2, 2013 233 90 69 3.38
September 4, 2013 225 97 78 2.88
October 4, 2013 216 92 58 3.72
December 4, 2013 160 64 46 3.48
January 31, 2014 140 55 39 3.59
February 28, 2014 133 58 38 3.50
April 4, 2014 143 72 50 2.86
April 21, 2014 162 71 49 3.31
May 14, 2014 186 70 49 3.80
June 2, 2014 229 80 46 4.98
June 12, 2014 243 70 39 6.23
August 11, 2014 282 89 49 5.76
September 2, 2014 284 92 59 4.81