Months of Housing Inventory

By John | Published: July 3, 2009
Months of Inventory for Danville, San Ramon and Surrounding Communities

The Months of Inventory continues to decrease month after month.  June 2009 is 25% lower than May 2009 and one third the inventory of June 2008. 

Dublin has less than one month of inventory and San Ramon less than 2 months. 

Average Months of Inventory for 20 Bay Area Cities =  June 1.46, May 1.96, April 1.99, March 2.79 and June of last year 4.79. 

As has been the trend all year, the lower priced communities with significant numbers of distressed properties that were short sales or foreclosures have the lowest Months of Inventory because they had large numbers of pending sales. 

Months of Inventory definition:  The current number of active listings by community, area, or price range divided by the number of pending sales going back only 30 days.  This figure is a guide to how many months it will take to sell the current inventory if the current rate of pending sales over the last 30 days remains the same.

 

Months of Inventory
6/31/2009
Community
# of Active
Pending Sales
Inventory
Danville
227
60
3.78
Alamo
132
13
10.15
Walnut Creek
257
72
3.57
San Ramon
199
144
1.38
Dublin 
95
105
0.90
Pleasanton
234
80
2.93

 

Our FREE In-Depth Real Estate Market Reports updated weekly, break data down by zip code and price point. These are the best "real time"sources of data you can get for your local market.

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