Thursday, June 3, 2010

Short Sale & Foreclosure for Ventura County - May 2010

Here are the sales for Ventura County for May 2010. Sales are still very low, with late reporters I expect the official Dataquick numbers will be up slightly YoY at around 810 sales. This continued stagnation in the market is the same boring story, less supply due to government intervention trying to keep prices high at all costs. If you watch the weekly inventory report you can see the market weakening even in the face of sub-5% rates, contingents and pendings falling, sales stagnant. All this with massive incentives and choked off supply.. it is clearly a vain attempt to keep the market propped up. I fully expect more housing incentives to hit the market they will just have to wait until after the November elections.

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