Just did a check on how the market in my area is doing. I work out of Mission Viejo, CA Population is over 95,000

Total Active on the market

       10/18/09- - 238 all homes.               11/19/09- - 235 all homes.

Short Sale Active

       10/18/09- -76 out of 238                          11/19/09- - 78 out of 235

REO Active

      10/18/09-8 out of 238                              11/19/09/- - 7 out of 235

In Default Active properties

      10/18/09- - 2 out of 238                             11/19/09- - 2 out of 235

In Probate this month are 2 properties

That leaves 145 out of 235 as equity sellers for 11/19/09

November is looking about the same as October did. The changes that have happened in Mission Viejo are for the better. We are showing an increase in distressed properties on the market with 87 out of 235. Equity sellers last month were 149 out of 238 and this month we have almost the same, with 145 out of 235. Short sales sellers and REOs are taking a larger percentage of the active market. November is one of the slower buying months and inventory has remained the same.

As we go into the holiday season the market Mission Viejo will not change! Equity sellers were at the high point 68% of the market in August and are now down to 61%. Are we seeing the "shadow inventory" starting to come on the market or is the buying season just slowing down? My pick is the slow market!

We are down from a peak of 74.1% equity sellers in July!

We have 183 properties in backup and 100 that are pending.

Let me know how things are going in your market.