Central Coast MLS Statistics -Residential -January 2008

(Last months data is also included - January (December))

New Listings - 671 (403)

Back on Market - 393 (230)

Price Changes - 1007 (636)

Contingent - 70 (50)

Pendings - 364 (285)

Solds - 214 (233)

Expireds - 800 (405)

Inactives/Withdrawns - 299 (270)

The above data includes SLO County Plus Santa Maria/Orcutt.

January's numbers looks a lot like last October's. Pendings jumped back over 300 (to 364) and we once again had over 1,000 price changes. If you look at last January's numbers on the chart on http://www.slowatch.com/, you'll notice that the number of price changes wasn't so high. The other item that was really high were Expired listings. But, Back on Market also had a high number so some of those Expired listings were relisted.

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Months of Inventory (MOI) for SLO County came down a bit as shown by the graphic above. If you go to the Inventory page - http://www.slowatch.com/inventory.htm - you'll see the Months of Inventory for individual cities. Arroyo Grande and Grover Beach had some good sales activity in January which lowered their Months of Inventory to under 10. The City of San Luis Obispo increased to double digit Months of Inventory for the first time since I started tracking MOI last summer.

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If you scroll down on the inventory page you'll see the inventory levels per city. Cambria, Grover Beach, and Paso Robles had big inventory level drops. Morro Bay and San Luis Obispo had increases.