Thursday, September 2, 2010

Short Sale & Foreclosure for Ventura County - August 2010

Here are the sales for Ventura County August 2010. Sales are still very low, with late reporters I expect the official Dataquick numbers will be down YoY at around 750 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. Watching the weekly inventory reports for Ventura County you can see supply building but contingents and pendings have stopped falling rapidly due to continued price cuts by sellers. If Dataquick sales do come in around 750 that would be the worst August since in at least a decade (the period for which I have data).

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