Maybe you remember when, not so many days ago, MBC said of SFR inventory west of Sepulveda:
Inventory of homes for sale has most likely peaked for the year...
Whoops.
That was 2 weeks ago (see "Inventory Higher This Year"). Inventory has actually grown since then.
Not by much, mind you. We were at 119 SFRs west of…
Maybe you remember when, not so many days ago, MBC said of SFR inventory west of Sepulveda:
Inventory of homes for sale has most likely peaked for the year...
Whoops.That was 2 weeks ago (see "
Inventory Higher This Year"). Inventory has actually
grown since then.
Not by much, mind you. We were at
119 SFRs west of Sepulveda at the end of November. (Click to download the
MB Market Update Spreadsheets for 11/30/08.)
Our tracking now shows us at
121 as of Dec. 15. That's higher than any end-of-month total so far, and just 3 shy of the mid-October total.
As our forthcoming spreadsheets – still in progress – will show, this modest growth is the result of some activity that wasn't entirely predictable. Among that activity:
7 new listings, but just
2 cancellations in this 2-week period.
It seems the frenzy of holiday-season dropouts is all but over. Yet some bold and daring sellers are choosing this time to enter the market. (Some are clearly new construction that just finished.)
Remember when we boldly predicted that the end-of-month inventory record of
124 (for 2007-08) would not be exceeded this year?
What's the over/under now?
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 18th, 2024 at 9:25pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.