Listing and Pending Numbers for November 2009

December 1, 2009


Here we are on the first day of December 2009. It has seemed that 2009 has been a pivotal year for our Inland Empire Real Estate market. The number of sales has increased fairly dramatically and the number of active listings has declined; contrary to news reports of the flood of bank-owned properties to come on the market.


Here are the numbers for active listings and sales reported as pending in the IMRMLS. I am also reporting the numbers for transactions reported in the "back-up" category. These are accepted offers that have some contingencies and that are still being shown to prospective purchasers.


Banning/Beaumont..........Active/442.........Pending/245.........Ratio/.554........Back-up/97


Bloomington......................Active/63...........Pending/70...........Ratio/1.111........Back-up/15


Colton.................................Active/128.........Pending/97............Ratio/.758........Back-up/29


Fontana..............................Active/424.........Pending/604.........Ratio/1.425.......Back-up/186


Grand Terrace...................Active/18............Pending/15............Ratio/.833........Back-up/6


Highland............................Active/155..........Pending/92............Ratio/.594........Back-up/34


Loma Linda.......................Active/58............Pending/37............Ratio/.638........Back-up/14


Mentone............................Active/19.............Pending/14............Ratio/.737.........Back-up/2


Moreno Valley..................Active/545..........Pending/674..........Ratio/1.237.......Back-up/210


Redlands...........................Active/222...........Pending/100..........Ratio/.450........Back-up/50


Rialto.................................Active/220...........Pending/252..........Ratio/1.145......Back-up/63


Riverside..........................Active/1055..........Pending/861..........Ratio/.816........Back-up/273


San Bernardino...............Active/670............Pending/521..........Ratio/.778........Back-up/107


Yucaipa/Calimesa...........Active/212............Pending/103..........Ratio/.486........Back-up/48



These numbers are similar to the numbers reported for the month of October. If you check my post of November 2, 2009, you can make the comparison. The consistency of the numbers seems to me to indicate a stabilizing market vis a vis volume. Prices are still another indicator. When we look at the closed transactions next week, it will be interesting to note any changes in the median prices.