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I updated the MLS stats chart and the inventory summary counts for individual cities here. While January reversed the downward trend in Pending Sales, February was disappointing as the Pendings dropped again. And while the Pendings slowed, New Listings didn’t as we saw the delta between Pendings and New Listings grow. As a result, inventory levels increased in most cities. If you look at the inventory chart, Paso Robles, Arroyo Grande, and Nipomo saw the largest jumps in inventory since last month while Grover Beach and Morro Bay had the largest inventory drops.

I still need to update the inventory details by price range for the individual cities.

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