Sacramento Region Home Listings Inventory: July 15, 2006

Oh, so close to the record. Four-county inventory hit 17,686 this week, only 227 listings away from the population adjusted record of 17,913. Looks like I missed my call by a couple of days. I probably won’t dump the stats again until next Saturday, so by then we should be above the record:



With this week’s increase of 355 listings, the quadratic trend appears to be breaking down. Comparing the trends from last week, there was a 31 day difference between the quadratic and the linear best-fit record projection. Now, the difference is only 8 days:


I think it is safe to attribute last week’s fall-off to end-of-the-month and end-of-the-quarter listing expirations. We will definitely hit the record by next Saturday.

While inventory levels bounced back easily, pending sales managed only a 0.3% increase over last week:



Pending sales have plummeted from 15.1% of total listings in mid-May, to only 9.3% in mid-July. That is a drop of 27%! Put another way, there were 267 more pending sales on April 9 than July 15. It’s pretty slow out there folks.