Listings and Pendings - Reported for May 1, 2009

May 4, 2009

We have begun a new month and as is my custom, I report the number of active and pending listings reported through the IMRMLS on the first day of the new month. What is remarkable for the past several months is the ratio of pendings to active inventory. The active inventory is decreasing and the properties entering escrow are increasing.

Here are the numbers for the 14 communities that I have been tracking.

Banning/Beaumont..........Listings/645..........Pendings/258...........Ratio/40%

Colton.................................Listings/215..........Pendings/144...........Ratio/67%

Fontana..............................Listings/918.........Pendings/806...........Ratio/87.8%

Grand Terrace..................Listings/28...........Pendings/23..............Ratio/82.1%

Highland............................Listings/216..........Pendings/109...........Ratio/50.5%

Loma Linda.......................Listings/88...........Pendings/26..............Ratio/29.5%

Mentone............................Listings/43...........Pendings/16..............Ratio/37.2%

Moreno Valley..................Listings/1036.......Pendings/902...........Ratio/87.1%

Redlands...........................Listings/292.........Pendings/106............Ratio/36.3%

Rialto.................................Listings/473.........Pendings/352............Ratio/74.4%

Riverside..........................Listings/1644.......Pendings/988............Ratio/60%

San Bernardino...............Listings/1252.......Pendings/629............Ratio/50.2%

Yucaipa/Calimesa...........Listings/275.........Pendings/105............Ratio/38.1%

It is interesting to note that in April of 2008, many of these areas had almost twice as many active listings as they now have. Riverside, Moreno Valley, Fontana, San Bernardino, Rialto, Grand Terrace to name a few. Clearly these numbers indicate an active real estate market.