This time of year we should see residential inventory start to go down and we did. From September 1st to October 1st, all but three cities now have lower inventory.
The cities where inventory increased are San Luis Obispo (182 to 190), Paso Robles (376 to 392), and Nipomo (171 to 173).
I updated the inventory levels per city on SloWatch.com but still have a bunch of data to collect and reports to run. This is also the end of the 3rd Quarter so I’ll be updating the quarterly median home price calculations as well.