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

To: russwinter who wrote (36927)	7/25/2005 3:29:07 PM
From: ild	Read Replies (1) \| Respond to of 110194

Orange County number of MLS listings 07/20/2004 11787 08/11/2004 12930 -- top in 2004 03/17/2005 4594 -- bottom in 2005 07/25/2005 6999 In my city: 03/15/2004 138 - bottom in 2004 07/26/2004 985 08/11/2004 1101 - top in 2004 03/28/2005 291 - bottom in 2005 07/25/2005 453 Number 400-500 represents OK supplied sellers market. Ultra tight supply in March 2004 caused 20-30% jump in prices as bidding wars erupted. Prices sagged in August - October 2004 as inventory got dissolved. I know realtors that bought local properties in October and sold in May for 20% gain. Very similar as selling naked poots on tech in 1999-2000. I get numbers from firstteam.com I do no count leases.