| Are Listings Peaking? |
| Written by Jonathan Smoke | |
| 07.06.2007 | |
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Discuss this article on the forums. (0 posts) Picking up from yesterday, I wanted to look at another favorite site for looking at listing data. While still acknowledging that listings are only a proxy for inventory, since they are the best we can easily analyze, we assume that directional trends should be reflective of vacant inventory as well as total listings. Looking at the Boomerang Hardtack application from OSG, we see what appears to be a peak of total single family listings having been reached in late June. )) Looking through the various regions, this peak and subtle decline seems to be occurring in most regions. Some are simply flat, but the drop was even more significant in the Pacific. )) Click on graph for larger view Of course this could just be a blip, but as the seasonal impacts begin to decrease listings, we may see this truly as the peak, and if the market improves as expected in 2008, this may be a peak not reached again for a while. While sales may not improve significantly in coming months, total listings including vacant inventory should decline, albeit gradually.
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