I updated the inventory charts and other graphs on the www.SloWatch.com site. While the market slowed down a bit since May, new listings dipped a bit too so we didn’t see a jump with inventory. Most cities are close to the level they were at a month ago. But, there are a few cities that have pretty high levels. Inventory rose again this month in Morro Bay to its highest level in the past 2 years. Santa Maria is also at its highest level in the past year, as is Templeton.
As for Months of Inventory (MOI) which looks at the Sold activity over the past 30 days, June was an ok month for most cities. Countywide, our MOI for the first of the month stayed the same at 10.5 months. Atascadero showed a sizeable improvement as did San Luis Obispo. It was a slow Sold month in Nipomo which made its MOI shoot from 7.7 months to 39.3 as of yesterday. Templeton continues to have a high MOI. The inventory page is here – http://www.slowatch.com/inventory.htm