Below is a chart of Shasta County housing data compiled July 24, 2008. This chart is a good indicator of year of year inventory levels.
| New Listings | Active Listings | Sold Listings | Months Inventory |
Jun-08 | 434 | 1933 | 151 | 12.8 |
May-08 | 408 | 1876 | 184 | 10.2 |
Apr-08 | 483 | 1830 | 166 | 11.02 |
Mar-08 | 425 | 1768 | 165 | 10.72 |
Feb-08 | 351 | 1775 | 115 | 15.43 |
Jan-08 | 412 | 1796 | 108 | 16.63 |
Dec-07 | 227 | 1901 | 119 | 15.97 |
Nov-07 | 324 | 1998 | 130 | 15.37 |
Oct-07 | 351 | 2140 | 160 | 13.38 |
Sep-07 | 383 | 2214 | 146 | 15.16 |
Aug-07 | 487 | 2249 | 214 | 10.51 |
Jul-07 | 517 | 2227 | 188 | 11.85 |
Jun-07 | 561 | 2157 | 243 | 8.88 |
May-07 | 579 | 2049 | 211 | 9.71 |
Apr-07 | 663 | 1910 | 205 | 9.32 |
Mar-07 | 533 | 1723 | 216 | 7.98 |
Feb-07 | 440 | 1689 | 179 | 9.44 |
Jan-07 | 492 | 1666 | 133 | 12.53 |
Dec-06 | 283 | 1784 | 213 | 8.38 |
Nov-06 | 320 | 1989 | 173 | 11.5 |
Oct-06 | 451 | 2059 | 186 | 11.07 |
Sep-06 | 493 | 2146 | 188 | 11.41 |
Aug-06 | 596 | 2154 | 199 | 10.82 |
Jul-06 | 590 | 1991 | 216 | 9.22 |
Currently we have 1936 homes active in the MLS which is off our 52 week high of 2249 in August last year. The market has been fairly stable with fewer homes coming on the market and fewer homes selling than this time last year. We currently have 398 homes under contract with the average days on market of 134 days.
The inventory stats are not far off of last year at this time. There are a lot of foreclosed home coming on the market but the sellers who do not need to sell are staying put. This is keeping the inventory numbers close to last years. We do expect numbers to climb through the rest of the year due to the spike in foreclosures and demand for homes to slow as the season winds down.
A good indicator of were inventory is going will be the amount of default notices we receive in the next few months, we will be watching closely.
