Alameda Inventory For January 18

Just a quick update on weekly inventory. As you can see after a slight uptick last week, inventory fell back to 95 units this week. The good news is all categories of inventory are shrinking, that includes distressed. If the market can get rid of the distressed properties this is good news for our local Alameda real estate market.

The tough part of the market is the single family residence. There are only 54 SFRs listed
for sale today. The Single family market is Alameda's biggest driver of home sales, so a lack of inventory makes the market a difficult one for those looking to buy, with limited choices.

Inventory is very volatile, but in my opinion it is the best way to get a quick pulse of the market. The pulse, right now, is telling me we have very little activity and sales continue to stagnate. The numbers are broken out below.



Alameda Inventory January 18, 2009

. . 1/18/2010 . Total 95 . 94501 79 . 94502 16 . SFR 54 . Condo 19 . Multi-Family 20 . Short Sale 14 . Foreclosure 10 . Price Reductions 30 . High List $1,999,000 . Low List $220,000 .