Housing supply: out pacing demand

Friday 02/10/2006: This is the picture of our daily supply and demand (new listings and pending sales). We're already aware of the increase of supply (green curve) after the New Year from the previous charts we've shown you. The demand (red curve) has also turned the corner and started to climb. However, there's still a huge gap between the two (blue double arrow), and that indicates the supply of new listings is increasing faster than the demand. It appears that this is no longer the seller's market. This is the scene in Contra Costa. What do you guys think is happening in the other parts of the Bay Area. Post below.