Units Reported Sold - January through April 2012

May 17, 2012
One component of tracking the real estate market in our Inland Southern California area is watching the number of units sold each month. There is always a bit of seasonal variation, but since the huge downturn in 2008 when buyers really stood on the sidelines, it is useful to see the numbers. As you could have noted in yesterday's post, the numbers tend to be relatively consistent in both the down times and the up times. Generally in the down times there is a surplus of inventory that remains unsold. In the up times there is a lack of inventory so the numbers actually decrease. In this present market, we have a lack of inventory which may be a factor in the numbers. Here are the numbers for the properties reported sold through the CRMLS>
Banning Beaumont......Jan/96.......Feb/105......Mar/120......Apr/122
Bloomington...............Jan/15.......Feb/25........Mar/24........Apr/22
Colton........................Jan/29.......Feb/42........Mar/46........Apr/44
Fontana......................Jan/188.....Feb/190......Mar/224......Apr/201
Grand Terrace............Jan/13.......Feb/8..........Mar/11........Apr/10
Highland.....................Jan/45.......Feb/46........Mar/46........Apr/63
Loma Linda................Jan/16.......Feb/12........Mar/21........Apr/12
Mentone.....................Jan/7.........Feb/16........Mar/13........Apr/10
Moreno Valley............Jan/195.....Feb/174......Mar/244......Apr/199
Redlands.....................Jan/49.......Feb/55........Mar/80........Apr/65
Rialto..........................Jan/97.......Feb/85........Mar/118......Apr/103
Riverside.....................Jan/323.....Feb/364......Mar/405......Apr/352
San Bernardino...........Jan/189......Feb/133.....Mar/210.......Apr/175
Yucaipa/Calimesa.......Jan/55........Feb/57.......Mar/78.........Apr/61
There you have it. It seems to reflect a real estate market that is bottoming out.