Inventory Question

[EvaLSeraphim_IHB]

I've seen two widely varying estimates of OC inventory in the last couple of days. This article (http://www.latimes.com/classified/realestate/printedition/la-re-market17jun17,1,1723794.story) says that there are 22 mos of inventory in OC. This article (http://blogs.ocregister.com/lansner/archives/2007/06/growth_slows_for_1.html) says there is only 8.5 mos of inventory available. Since inventory is a pretty good way to determine what's going on with the market, who to believe?

 

[graphrix_IHB]

<p>Eva,</p>

<p>The Times has been really sloppy with their fact checking when it comes to RE articles. I have no idea where they got that number even if they say they got it from CAR. The only difference is the Reg article is just resale homes and maybe CAR and the Times article includes new homes. Even still that seems a bit high. </p>

 

[EvaLSeraphim_IHB]

I suspected about information from LAT. I guess I'll just have to wait for BMIT to update his list.

 

[effenheimer_IHB]

If we compare the Zip inventory to the OCR sales chart , 8.5 looks closer to reality.

 

[effenheimer_IHB]

My ZipNotify had 45 new listings for Irvine tonight. Yowza!