In a prior post I estimated that Bakersfield will end up with around 6,200 sales of single family homes for the year, which is about 40% lower than 2006. I just looked at the number of homes currently listed - 3,993! Wow. There is almost a full year's worth of inventory on the market right now. Okay, not quite a year's worth but about two-third's.

With 268 sales per month in Bakersfield, the inventory of homes for sale will last for about 14 months. Of course, this varies quite a bit depending on the neighborhood. I've seen some neighborhoods with inventories that will last 2 years! 

The listings are averaging 83 days on market which is well above the average of 63 days for all the sales year-to-date. I think Bakersfield is in for a very slow winter.