I'm going to post the weekly inventory counts for Ventura County and the San Fernando Valley as more time goes by this data set will become more useful.
San Fernando Valley:
Single Family Homes
Active 3885
Backup 358
Pending 1297
Condo
Active 1356
Backup 95
Pending 404
Ventura County:
Single Family Homes
Active 2245
Contingent 587
Pending 666
Release from Showing 293
Condo
Active 737
Contingent 198
Pending 200
Release from Showing 68
The holiday doldrums are upon us, little new inventory and lots of homes expiring or being pulled off the market. Even in the face of very significant interest rate cuts there is still falling pendings. Expect this to continue until mid-January or early-February.
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