MONTHS OF INVENTORY as of October 2, 2008 - a snapshot of where the market is today.  The latest numbers show a 11% decrease compared to thirty days ago.  In these twenty-seven areas 18 decreased, 8 increased and 1 stayed the same. You need to look at the last three months to see a trend because in some areas there are not enough pending sales to give a true picture of the market.  The good news is the trend is down, 4.60 on August 3rd, 4.21 September 2nd  compared to 3.74 today.

Properties are still selling.  During the last seven days there have been 49 pending sales in Danville, Alamo, Blackhawk, Diablo, San Ramon and Walnut Creek.  In just three areas Pleasanton, Dublin and Livermore there have been 48 pending sales.  Contra Costa Association of Realtors statistics in the fourteen areas covered,  from Orinda to San Ramon, for August (the latest available) shows pending sales up 56% for detached homes and up 17% for attached townhouse, condos and duets compared to last August. Foreclosures an short sales continue to be a substantial number of properties selling as many are at bargain prices.