November 1, 2010 - Listings, Pendings, Backups and RAtios

November 1, 2010

As is my custom, I follow the numbers. These numbers are the numbers reported in the CRMLS (MRMLS has been changed to CRMLS as more MLS data is added to our data base.)

Banning Beaumont........Listings/630.......Pending/234......Back-up/74........Ratio/.489

Bloomington...................Listings/85.........Pending/75.........Back-up/14.......Ratio/1.047

Colton..............................Listings/134.......Pending/100......Back-up/36.......Ratio/1.015

Fontana..........................Listings/825.......Pending/557.......Back-up/176.....Ratio/.888

Grand Terrace..............Listings/38.........Pending/12..........Back-up/6.........Rstio/.474

Highland........................Listings/230.......Pending/108.......Back-up/38.......Ratio/.635

Loma Linda...................Listings/82.........Pending/30.........Back-up/11........Ratio/.500

Mentone........................Listings/28.........Pending/14..........Back-up/4.........Ratio/.643

Moreno Valley..............Listings/856.......Pending/532.......Back-up/193.....Ratio/.847

Redlands.......................Listings/314.......Pending/102........Back-up/53.......Ratio/.696

Rialto.............................Listings/343.......Pending/246........Back-up/74.......Ratio/.933

Riverside......................Listings/1444......Pending/780.......Back-up/305.....Ratio/.751

San Bernardino............Listings/840.......Pending/507.......Back-up/108.....Ratio/.732

Yucaipa/Calimesa.......Listings/280.......Pending/88..........Back-up/58.......Ratio/.521

There you have the numbers. The ratio number is derived from the addition of pending and back-up and then dividing by the number of active listings. My disclaimer is always that there is nothing scientific about these numbers, However, by tracking them monthly, they do give a fair indication of the activity in the real estate market in these fourteen communities.