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Central Coast Residential MLS Statistics – January 2007

New Listings – 666
Pending – 475
Price changes – 714
Back on market – 362
Contingent – 47
Sold – 269
Expireds- 445
Inactive/cancellations- 256

I updated the graph on www.SloWatch.com with the January numbers.

Someone forwarded me an email they received from another agent stating that January results pointed to a “hot” market. While Pending have increased from December, we still are at a very low number of Pending Sales as compared to recent years. The number of new listings far exceeded Pendings for January, adding to inventory. We’ll need to wait and see if the gap between New Listings and Pendings widens or stays constant in future months.

I’ll be updating the individual city inventory numbers later. That should provide you a better look at the activity in different cities and price ranges.

Written by Keith Byrd - Go to Keith's Website/Profile