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I couldn't resist pointing out this statistical oddity among the four foreclosure agents we've been following:

Jun 11 - 328 Actives/98 Pendings = 3.35

Aug 21 - 382 Actives/111 Pendings = 3.44

Sep 20 - 425 Actives/97 Pendings = 4.38

Nov 9 -  486 Actives/128 Pendings = 3.80

Nov 25 - 484 Actives/138 Pendings = 3.51

Dec 14 - 446 Actives/147 Pendings = 3.03

Jan 15 - 474 Actives/149 Pendings = 3.18

Feb 7 -   482 Actives/187 Pendings = 2.57

Mar 13 - 477 Actives/205 Pendings = 2.33

Apr 18 - 467 Actives/247 Pendings = 1.89

May 13 - 418 Actives/298 Pendings = 1.40

June 10 - 344 Actives/288 Pendings = 1.19

June 27 - 261 Actives/261 Pendings = 1.00

The dramatic drop in active listings is surprising, given the foreclosure news.  Either the new inventory is being spread around to more agents (finally!) or are the banks holding them back? 

There is an additional category in the new MLS system, Tempo -5, that asks if the listing is an REO.  There are only 323 active listings and 176 pendings marked as REOs in SD County for both detached and attached, so the agents inputting their listings haven't found and utilized the new category yet.