I checked the number of homes for sale in the county this afternoon: 22,652, according to ZIPRealty, a realty site that shows homes listed for sale on the Multiple Listing Service. (Note: that doesn’t include new construction.)
Inventory, the number of homes on the market, peaked in July 2006 at 23,385. The blogger at Bubble Markets Inventory Tracking keeps a really handy contextual look at inventory.
The data (below) works like this: The first number is the date (month/day). The next number is the inventory level. Then the number in parentheses is the number of homes sold in that month, using DataQuick figures. After the underscore, the blogger compares it to the same month in the previous year.
Check it out:
Population 2007: 3.10 million
1/01/2007 Listing per population ratio 1:191
6/10/2007
Listing per population ratio 1:144
01/01: 16,260
01/31: 17,109 (2,772)___01/2006: 16,161 (2,898)
02/28: 17,544 (2,863)___02/2006: 17,262 (3,035)
03/31: 18,638 (3,218)___03/2006: 18,261 (4,367)
04/30: 20,122 (3,436)___04/2006: 19,480 (3,974)
05/31: 21,169 (3,385)___05/2006: 21,175 (4,480)
06/30: 22,268 (3,510)___06/2006: 22,588 (4,533)
07/10: 22,357
07/20: 22,613
07/27: 22,652 (my addition)
Here’s the latest update.