New listings outpace sales: Contra Costa

Thursday 05/18/2006: Comparing the daily number of sold listings (red line) to the daily number of new listings from a month ago, we see the gap remains at approximately 150 units. Since it takes about a month to close an escrow, this means that the supply of new listings continues to outpace sales. We're hoping that this gap does not widen, but it doesn't look too promising.