Here are the current May 2009 foreclosure counts for Los Angeles and Ventura County. Currently sales are running about 20% higher than the same period the month before. Sales should be just slightly lower than February which was the high for the year so far. At that pace trustee sales versus traditional sales should come in around 32-38% of traditional sales for May. This would mean REO inventory is still being worked down since REOs are 50%+ of traditional sales currently. This should also mean sales should slow going into mid-year as less motivated inventory will make for less sales.
Note: I have added a foreclosure research link to the site, see here.