Listing and Pending Data from the IMRMLS

November 3, 2008

As we enter the last two months of 2008, I continue to track the number of active listings and the number of properties that are reported to be pending sales. The more interesting data as a reflection of the local real estate markets are the percentages of properties pending versus the total number of listings. In January 2008 the highest percentage of pendings to listings was 10%in Moreno Valley. As we enter November the highest percentage is still Moreno Valley at 43.5%.

Here are the numbers for the fourteen communities that I track in San Bernardino and Riverside counties.

Banning/Beaumont......Listings/863.......Pendings/298.......Percentage/26.4%

Bloomington..................Listings/180.......Pendings/63.........Percentage/35%

Colton.............................Listings/368.......Pendings/95.........Percentage/25.8%

Fontana..........................Listings/1860.....Pendings/663......Percentage/35.6

Grand Terrace..............Listings/62..........Pendings/11.........Percentage/17.7%

Highland........................Listings/362........Pendings/116.......Percentage/32%

Loma Linda...................Listings/91..........Pendings/22.........Percentage/24.1%

Mentone........................Listings/50..........Pendings/8...........Percentage/16%

Moreno Valley..............Listings/2047.....Pendings/891,,,,,,,Percentage/43.5%

Redlands.......................Listings/392........Pendings/69.........Percentage/17.6%

Rialto.............................Lisitngs/825........Pendings/305......Percentage/36.9%

Riverside......................Listings/2905......Pendings/811.......Percentage/27.9%

San Bernardino............Listings/2173......Pendings/510.......Percentage/23.4%

Yucaipa/Calimesa.......Listings/424........Pendings/89.........Percentage/20.9%