February to Date

By Dave Fratello | February 26th, 2009
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.

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