This graph shows our inventory and the average days to sale. The condo/attached dwelling and commercial markets are not included in this analysis. In my experience the market is experiencing an upswing that can be attributed to seasonal activity. There is an alarming number of short sales on our MLS, close to 60 with 10 of those under contract. There are also 60 Bank owned on our MLS, and dozen of those are under contract. I expect those numbers to rise, as foreclosure activity increases.

There are 14 million homes in foreclosure, nationwide, and another 14 million loans are set to adjust this year. It is hard not to blame the lenders who wrote all of these bad loans, and I see this as a byproduct of the lack of oversight in the mortgage industry. Agents are licensed and regulated and mortgage brokers should be too. Our state recently enacted a mortgage broker registration process, but it's too little , too late, in my opinion. It's like installing a security system in a house that as already been cleaned out by thieves.