The Months of Inventory increased by .78 of a month, up .21% compared to October 2, 2008

The increase was from 3.74 months to 4.54 Months of Inventory.  Only two areas had a reduced number compared to twenty-five areas had an increased number. The highest number of pending sales were in Oakland with 323, 5.25 Months of Inventory, Antioch with 289, 3.05, and Hayward with 244, 3.79.

It appears that these three areas are areas having a large number of short sales/foreclosures in these areas at greatly discounted prices.

Months of Inventory   11/3/2008