September 2008 - Listing and Pending Numbers

October 3, 2008

In my ongoing effort to follow the Inland Empire real estate market, I am posting the number of listings and pendings reported through the IMRMLS for the month of September. These numbers do seem to indicate that buyers are buying. The ratio of pendings to listing is improving. In some communities the number of active listings has decreased. Next week when I post the number of closed transactions and the median selling price should also indicate that when the price is attractive, sales do occur.

Banning/Beaumont..........Listings/781..........Pendings/219...........Ratio/28%

Bloomington......................Listings/174..........Pendings/50.............Ratio/29%

Colton.................................Listings/340.........Pendings/90.............Ratio/26%

Fontana..............................Listings/1681.......Pendings/600...........Ratio/36%

Grand Terrace..................Listings/57...........Pendings/13...............Ratio/23%

Highland.............................Listings/337........Pendings/117.............Ratio/35%

Loma Linda........................Listings/95..........Pendings/20..............Ratio/21%

Mentone.............................Listings/42..........Pendings/15...............Ratio/36%

Moreno Valley...................Listings/1793......Pendings/895............Ratio/50%

Redlands.............................Listings/366.......Pendings/75...............Ratio/20%

Rialto...................................Listings/718........Pendings/287............Ratio/40%

Riverside............................Listings/2373......Pendings/771.............Ratio/32.5%

San Bernardino..................Listings/1924......Pendings/486...........Ratio/25%

Yucaipa/Calimesa.............Listings/401........Pendings/97..............Ratio/24%



Total...................................Listings/11082.....Pendings 3735..........Ratio/33.7%

Moreno Valley and Rialto really have active markets. Bbank-owned properties are a large percentage of the inventory and with banks agressively pricing these properties, buyers find them attractive values.