Friday, March 16, 2007

Highest February Inventory in Nearly 15 Years

"You've got this enormous amount of inventory ... and it will go down -- it will go down by spring, significantly."

~John Karevoll, DataQuick analyst, Sacramento Bee, December 31, 2006
According to TrendGraphix data published in the Sacramento Bee, inventory in February increased 15.6% from year ago levels and 4.4% since the beginning of the year. Other sources show inventory has continued to rise in March. It appears inventory has not declined "significantly" by spring.

From the Sacramento Bee:
Sacramento-based researcher TrendGraphix says 11,410 existing homes were for sale at February's end in El Dorado, Placer, Sacramento and Yolo counties, the month's highest tally in nearly 15 years.
This graph shows inventory of the 4-county area since February 2005. Click to enlarge.

3 comments:

Sippn said...

OK if it becomes the highest inventory in 15 years - ya know - the peak, call me.

Tiger Woods shoots almost lowest par in 15 years on 2nd hole.

McDonalds records almost best Tuesday ever in French Fry sales, but usually Friday is better.

That editor has talent. Yes shoot the messsenger.

Patient Renter said...

Lander, nice post. I get tired of reading the spin from dataquick. You'd think a data reporting company could manage to just report the numbers and not editorialize.

Sippn, What are you talking about?

Perfect Storm said...

"You've got this enormous amount of inventory ... and it will go down -- it will go down by spring, significantly."


~John Karevoll, DataQuick analyst, Sacramento Bee

What an idiot, we will be at 23,000 homes for sale by August.