Central Coast MLS Statistics - Residential -July 2007
(Last months data is also included - July (June))

New Listings - 808 (812)
Back on Market - 335 (251)
Price Changes - 1303 (1165)
Contingent - 43 (59)
Pendings - 448 (458)
Solds - 365 (451)
Expireds - 1041 (269)
Inactives/Withdrawns - 330 (340)

Acttivty for July was similar to June. Almost the same amount of New Listings and Pending Sales. We did see an increase in the number of price changes. What really changed was the number of expired listings with almost 4 times the amount over June. Are homeowners unwilling to drop their price and opting to take their home off the market?

What was also interesting is the number of Solds for the month. It's a lot lower than what the prior months Pending Sales indicated. The number of Back on Market (BOM) listings also increased. I don't know if there was an increased number of Pending Sales that fell out of escrow or if the BOM amount can be explained by Expired listings coming back on the market.