A Little Later than Normal...

Real Estate Agent with Keller Williams

OK, I'm getting slack on you guys!  I was at a conference early last week and that put me behind the power curve for the rest of the week!  Wow, I really didn't think that not being here would set me back so much!

Anyway, here are your numbers for this week, straight out of the MLS!

Lowell Caro, Jr.  Your Real Estate Market Advisor 
Weekly MLS Market Snapshot 
As of COB: Monday, November 19, 2007 @ 6:45 am 
Catagory NumberTotalsVacantPercentages
SFR Inventory 21,856 10,14646.42%
Condo Townhome Inventory 5,634 3,15556.00%
Total  27,49013,30148.38%
Total Contingents and Pending 2,315 1,38459.78%
Total  29,80514,68549.27%
Short Sales (EA/ER) 4,062 1,518        37.37%
Repos (estimated EA/ER) 2,012     N/A
Total Distressed  6,074         22.10%
Total Sold in last 30 Days 1,087 788        72.49%
Sold short sales  69           6.35%
Sold REOs  190 17.48%
Months of inventory at current rate of consumption (29,805/1087)27.41950322

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Ryan Smith
South Texas Land Team, LLC. - Pleasanton, TX
Wow.  Great Stats.  Well not really. But at least you have a lot of inventory for buyers to choose from.
Nov 19, 2007 01:09 AM #1
Lowell Caro Jr.
Keller Williams - Las Vegas, NV
REO Broker and Market Advisor
Yeah thanks, I've been working out!  ha ha ha!  It is really a great time for buyers.  I've been finding SMOKIN' deals, especially on bank repos...which did I mention are on the rise?
Nov 19, 2007 01:15 AM #2
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth
Lowell, my REO specialists in my area say there are good deals here too. They are even having some auctions coming up in December. I think the market will have turned when that inventory gets worked down. You are very good with the stats!
Nov 21, 2007 02:23 AM #3
Mike and Dawn Lewis
The Lewis Team at Keller Williams - San Diego, CA
The Lewis Team at Keller Williams in San Diego CA


Thanks for putting out the stats for your clients, home buyers and home sellers in your area and us too. The numbers don't look so great if your selling but if you're buying the choices look pretty good.

Mike Lewis

Nov 21, 2007 04:07 AM #4
Lowell Caro Jr.
Keller Williams - Las Vegas, NV
REO Broker and Market Advisor

Hey Gary, thanks for the comment.  I have a couple of growing REO accounts myself and 3 of the last 4 buyer transactions I've done have been REO properties.  I agree that we'll be able to see the market turning, but I don't think it will happens too soon.  It may stabilize with more buyers seeing the opportunities and more REOs balancing each other out.  But, if it doesn't happen that way, I believe that our inventory will increase before it decreases significantly.  It may sound negative, but I see it as a positive thing.  Home prices will be affordable again and MAYBE the market will stabilize for a while. 

Mike, thanks for the comment as well.  I want to grow up to be like you.  The stats you put on your blog are great!  I like the raw numbers but I need to work on the presentation!

Hope you both had a great Thanksgiving as well as everyone else out there in AR!!! 

Nov 24, 2007 03:30 PM #5
Renée Donohue
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate - Las Vegas, NV
Las Vegas Real Estate Broker - www.urLVhome.com
A little later than normal but I think I pulled numbers the same day!  Cheers to great minds thinking alike and I love to see the stats in a different format!
Nov 29, 2007 01:59 PM #6
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Lowell Caro Jr.

REO Broker and Market Advisor
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