Sharing the Numbers

September 2, 2008


It is a new month - the final month of the third quarter of 2008. I am sharing the number of active listings and the number of pending sales in my ongoing effort to tract the real estate market trends. I am presenting the numbers as reported in the IMRMLS without editing.


I have been tracking 14 com unities in the San Bernardino/Riverside area. Alphabetically:


Banning/Beaumont.........Listings/792......Pendings/222.......Percentage.....28%


Bloomington.....................Listings/200......Pendings/47.........Percentage.....24%


Collton...............................Listings/349......Pendings/83.........Percentage.....24%


Fontana.............................Listings/1707....Pendings/611.......Percentage.....36%


Grand Terrace.................Listings/55........Pendings/13.........Percentage.....24%


Highland...........................Listings/339......Pendings/108.......Percentage.....32%


Loma Linda......................Listings/91........Pendings/21..........Percentage.....21%


Mentone...........................Listings/54........Pendings/14..........Percentage.....26%


Moreno Valley.................Listings/1893....Pendings/896.......Percentage......47%


Redlands..........................Listings/382......Pendings/74..........Percentage......19%


Rialto................................Listings/755......Pendings/282........Percentage......33%


Riverside..........................Listings/2465...Pendings/762........Percentage......31%


San Bernardino...............Listings/1961....Pendings/441........Percentage......22%


Yucaipa/Calimesa..........Listings/423......Pendings/77...........Percentage......18%



Compared to the January and February percentages of pendings to listings, the market has clearly improved in terms of activity. At the beginning of 2008, we were under 15% in the ratios of pendings to listings and sometimes in single digit percentages. When I post the median prices you will be able to note why activity is picking up.