Thursday, May 04, 2006

Thursday 05/04/2006: The number of properties for sale in Alameda and Contra Costa counties had just exceeded 10,000-unit benchmark as of yesterday. When the inventory increased to 8,000 units in November, we mentioned the probability of inventory increase to over 30,000 units by the end of 2006 provided that the pace of the inventory buildup continues at that rate (quadrupled over approx. 12 months). Well, going from 8,000 units in November to yesterday's 10,044 units, a third of that had just been accomplished. What is going on in your County or City. Will this finally start to put pressure on pricing.


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