San Fernando Valley Inventory August 2009

From the following graphics you can see the drop in inventory, especially on the low end. As well as the fact that in many spots demand is lower than the previous year for the market segment but Months Supply has still dropped. Inventory is being worked off and new supply is being held off the market.

San Fernando Valley Inventory July 2009

Source: SRAR

From the following graphics you can see the drop in inventory, especially on the low end. As well as the fact that in many spots demand is lower for the market segment but Months Supply has still dropped.

The SFV is a supply constrained market. But help may be on the way.... (foreshadowing to a August 31st report..)

Supply Constrained

Just a couple of graphics from the CAR which show that California is currently a supply constrained market: