MBC never posted a mid-month spreadsheet for February, so this next one will cover the whole month.
But rather than wait through the weekend, let's look at some highlights to date for the month:
- 14 sales (new escrows) have posted among SFRs west of Sepulveda, a respectable pace, perhaps the best in 4-6 months – we'll evaluate that formally in a few more days;
- 6 cancellations also reduced inventory; and
- Whoops, 36 new listings have come on over the same period.
Add it all up, and our interim SFR inventory number is 138
as we write here, a few days before month's end.
As you may recall, January's month-end total of 122
was the highest MBC had reported in almost 2 years of public market tracking. Looks like we'll punch through that record this month.
At the end of February one year ago, inventory stood at 84
. (See "MB Market Update for 2/29/08
.") So it's different now.