The Alamo, CA home market summary below for Active, Pending and Sold listings. The Pending and Sold homes are dated from June, 20 2010 to July 20, 2010.
Active Listings= 1, Avg. days on the market= 110 days.
Pending Listings taken off market in the last 30 days= 19 (Keep in mind some of these pending listings are short sales and may never close.
Sold Listings, close escrow and buyers took possesion= 1
By dividing the number of active listings by the number that went pending in the last 30 days we get the months of inventory, number of months to sell active listings at the rate of pending listings.
110 divided by 19 = 5.8 months of inventory.
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