Closed Sales Reported through IMRMLS/June

July 7, 2008

Based on the closed transactions for residential real estate in our Riverside/San Bernardino area, its beginning to look like sales have bottomed out in terms of the number of transactions. Later in the week I will check out median prices. In order for the market to firm up, it is necessary for the number of transactions to increase. In most of the municipalities, this happened with June closings.

Banning.Beaumont.....2008/95.....2007/61.....2006/126.....2005/97.....2004/102.....2003/89

Bloomngton.................2008/14.....2007/9........2006/22.......2005/27.....2004/22.......2003/19

Colton...........................2008/34.....2007/19......2006/60......2005/59.....2004/29.......2003/57

Fontana.......................2008/215....2007/83.....2006/217.....2005/312...2004/237.....2003/224

Grand Terrace...........2008/8.........2007/8.......2006/10.......2005/11.....2004/4.........2003/9

Highland......................2008/39......2007/21.....2006/63.......2005/73.....2004/60......2003/70

Loma Linda.................2008/13......2007/11......2006/20......2005/19.....2004/13......2003/18

Mentone......................2008/7........2007/3........2006/9.........2005/12.....2004/11......2003/11

Moreno Valley...........2008/264.....2007/89......2006/259....2005/351...2004/254...2003/209

Redlands....................2008/46.......2007/56.......2006/79.......2005/84.....2004/88.....2003/82

Rialto..........................2008/68.......2007/31.......2006/107.....2005/116...2004/123....2003/119

Riverside....................2008/340....2007/210.....2006/365....2005/490...2004/436....2003/392

San Bernardino.........2008/152....2007/93.......2006/215.....2005/247....2004/242...2003/233

Yucaipa/Calimesa.....2008/50.....2007/53.......2006/74........2005/81......2004/74.....2003/81



One month does not make a trend. As I post the data for the first half of 2008, it may show a clearer direction.