This is June 2009 Demand versus Inventory for Ventura County. I have broke down demand into 3 separate parts, Completed sales, properties under some sort of contingent contract and properties that have cleared contingencies and are waiting to close escrow. If you compare this months chart with last months chart we see demand pending/contingent demand starting to weaken further on the high end where it appears the seasonal rush is over. Inventory in the middle ranges looks like it is improving and the drops in inventory on the higher end appears to be sellers dropping price as the lower price points increase at the same time the higher ends decrease. It is clear all the major activity is on the low end but supply is still constrained. Buyers aren't able to push price and are just searching for deals wherever they can find them.