I track how many active listings we have on a regular basis. Recently, I've noticed that our inventory has dropped BELOW the 50,000 active listings mark, and more homes are selling. SO, I decided to bring my readers up to date with two graphs. One for the Active, Sold and New Listings and Inventory as of March 1, 2009. That is shown in the first graph below:

The second graph is a history during the years of 2007 through March 1, 2009. Notice that at the end of January of this year, we had 11.66 months of inventory compared to 9.83 at the end of February. I checked out active inventory this morning, and we had 49,563 active listings. This shows 52,861... Close attention to these numbers should be paid by potential buyers - this market will not last forever. Once the months of inventory gets down to six or seven, we then are in a buyer-seller market. Right now, definitely a buyer's market.

I will continue to gather these tabulations and share them each month to better prepare my sellers and buyers on our current market. Today, my PENDING listings show 9,394, and SOLD during February, 2009 - 5,510.

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