Tuesday, February 14, 2006

Contra Costa and Alameda: inventory on the rise again

Tuesday 02/14/2006: In 2005, the inventory increased from just around 2,000 units in the beginning of the year to the record 8,044 units in November - a 400% buildup. After retreating to a tad under 6,000 units during the Holiday Season, the inventory started to turn the corner again. As of the end of the business day yesterday, there were 7,351 units for sale in Alameda and Contra Costa counties. If last year was any indication, another 400% buildup from 6,000 units would mean 24,000 units of property inventory by the time we get to November of 2006. We hope not, but we're only hoping...


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