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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (15931)6/27/2004 4:42:24 PM
From: ild  Read Replies (1) | Respond to of 110194
 
CR, a few numbers to compliment your numbers of RE in Orange county. I've been logging RE for sale inventory in Irvine, Orange county.

On 3/15/04  138  (lowest in 2004)
On 4/17/04  196 
On 5/07/04  299
On 5/28/04  530
On 6/18/04  693
On 6/27/04  803

Last year:
On 6/11/03  299
On 9/28/03  390 (highest in 2003)
So far sales are brisk and inventory overhang is not felt, but multiple offers are history.



To: CalculatedRisk who wrote (15931)7/14/2004 12:11:28 AM
From: ild  Read Replies (1) | Respond to of 110194
 
New OC RE update
ocregister.com

Do you interpret 22 business days as 4 weeks? Don't they sell houses 7 days a week?

My update of Irvine RE for sale inventory: 

On 3/15/04  138  (lowest in 2004)
On 4/17/04  196 
On 5/07/04  299
On 5/28/04  530
On 6/18/04  693
On 6/27/04  803
On 7/08/04  888
On 7/13/04  948

Last year:
On 6/11/03  299
On 9/28/03  390 (highest in 2003)


With rate of sales slowing this inventory is getting close to 3 months worth of sales.


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