The total Months of Inventory in Costa Contra and Alameda counties has been holding fairly steady for the past several months with September 2nd showing a 8% decrease  for the twenty-seven communities compared to August 3rd, 4.21 vs.. 4.60.

To see a trend you need to looks at the last three months figures as one month of pending sales doesn’t give you sufficient numbers to reach a meaningful conclusion. 

It appears that the same factors that have been affecting our market most of the year still remain.  It is still a buyer’s market although the Months of Inventory remains low.




Months of Inventory     9/2/2008
Community
# of Active
Pending Sales
Months of Inventory
Danville
 255 39 6.54
Alamo
 151 16 9.44
Walnut Creek
 310 69 4.49
San Ramon
 321 89 3.61
Dublin 
 194 53 3.66
Pleasanton
 313 54 5.80
Livermore
 421 87 4.84
Blackhawk
 68 14 4.86
Diablo
 11 2 5.50
Concord 
 586 183 3.20
Pleasant Hill
 107 22 4.86
Martinez
 198 39 5.08
Clayton
 52 14 3.71
Rossmoor
 168 23 7.30
Lafayette 
 99 11 9.00
Orinda
 80 14 5.71
Moraga
 36 14 2.57
Pittsburgh
 569 145 3.92
Antioch
 969 293 3.31
Brentwood
 383 112 3.42
Oakley
 260 107 2.43
Castro Valley
 219 35 6.26
Fremont
 653 182 3.59
Hayward
 936 186 5.03
San Leandro
 365 104 3.51
San Lorenzo
 125 50 2.50
Oakland
 1748 323 5.41
Average
 355 84 4.21