Knowing the Real Estate Market

January 2, 2008

I thought I would begin the new year by recording the number of active and pending listings as reported in the IMRMLS. As the year proceeds, this can be a reference as to how the real estate market in the Inland Empire is changing.

Bannning/Beaumont.......Active/850...........Pending/64

Bloomington.....................Active/195............Pending/8

Colton................................Active/340...........Pending/24

Fontana.............................Active/1768..........Pending/128

Grand Terrace..................Active/71...............Pending/6

Highland...........................Active/390............Pending/29

Loma Linda......................Active/106.............Pending/4

Mentone...........................Active/71................Pending/6

Moreno Valley..................Active/2087..........Pending/213

Redlands...........................Active/405............Pending/39

Rialto................................Active/813.............Pending/77

Riverside..........................Active/2699..........Pending/204

San Bernardino...............Active/1887...........Pending/141

The number of active listings has decreased from the high number in September 2007. Some of this is probably due to the holidays. It will be interesting to watch the trends as to year 2008 progresses.