Glen's November East Bay Housing Numbers
December 3, 2009 by Glen Bell · View Comments
Here’s the latest numbers for the 38 San Francisco Bay Area Cities that I follow. Change from the last month was minimal.
We’ve heard encouraging news from NAR recently referring to the October housing numbers; “Nine Consecutive Gains for Pending Home Sales”
We’ve experienced the same trend in the San Francisco East Bay Area. However, we finally showed a drop in Pending Home Sales for November. I think we can attribute this more to seasonal factors. Inventory levels have come down, as well, but at a faster pace.
The Pending/Active Ratio is at its highest levels since I began tracking numbers in 2005, while Inventory levels are now at their lowest. Depending on where you buy, your choices are limited.
Month Supply is now at 1.8 months for this area, again, very low considering that 6 months is considered normal.
Download a pdf of Glen’s Numbers
Glen’s May 2009 East Bay Housing Statistics
June 2, 2009 by Glen Bell · View Comments
Looks like more of the same. Inventories dropping, pendings have gone up, months supply is dropping. I think we’re seeing a trend over the last 3 months, REOs are less of a factor in listings, while short sales have increased. More buyers than sellers, and at the highest pending over active ratio since July, 2005.
We’re hearing June/July for more foreclosures to come onto the market. Let’s see how June pans out.
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