And I thought the economic meltdown was bad. Nothing compared to a computer crash I recently encountered. Problem was that it was the computer with all of my programmed MLS searches and historical data for this blog. We’re up and running again after the rebuild, reinstallation of software, and reconfiguring my searches and formats. Thank goodness for all the backed up stuff. I was also excited to finally see the mock up of the improved blog site this week. I’m hoping it will be up and running in a couple of weeks at most. There will be significant improvement in the graphics, functionality, organization and increased data.
A quick summary of the information contained in the spreadsheets and chart below. Active Listings inventory is continuing to grow as evidenced by the upward trend line in the chart over the previous three years at essentially the same time period. Pending Sales are showing a downward trend which may be an encouraging sign if you are a “short sale” buyer. I won’t be able to verify theory this until I perform my Short Sale/REO survey next week, but if things are as I suspect, the Pending inventory has artificially been exaggerated by the longer periods of time that Short Sale transactions have been in escrow. I’m wondering if these Short Sale transactions in the Pending pipeline are starting to close escrow because the closed sale transactions (Sold) are up considerably. Again, next weeks numbers may confirm this theory. Until then, enjoy your Labor Day weekend next week.