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 3561
Backup 345
Pending 1136
Condo
Active 1239
Backup 92
Pending 340
Ventura County:
Single Family Homes
Active 2017
Contingent 576
Pending 591
Release from Showing 270
Condo
Active 704
Contingent 178
Pending 173
Release from Showing 56
The large drop in Active inventory is due to many listing contracts using the end of the year as a convenient expiration date. There was a large number of expirations on December 31st as a result. This isn't generally distressed or motivated inventory but wanna-be sellers with unrealistic pricing expectations.
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