What Shadow Inventory?

Updating San Mateo’s shadow inventory report for July, I’m wondering what shadow inventory?

The Peninsula never seems to fit into what is being reported for the rest of the nation’s real estate news.  And for now shadow inventory isn’t an exception.  It has created some pretty heated conversation amongst realtors and economists:  Does it exist or not?

We’ve been told for quite some time that not only does it exist but that those houses would flood the market this summer.  Well we’re still waiting.

July’s bank owned inventory for San Mateo dropped back to 7 after an all-time high of 16 in June.  And the waiting continues…

list month REO regular
2009
jan 6 49
feb 7 56
march 6 77
april 7 67
may 6 66
june 7 76
july 10 76
aug 6 66
sep 7 75
oct 7 59
nov 7 46
dec 4 39
2010
jan 5 51
feb 3 68
march 3 80
april 4 108
may 1 58
june 16 95
july 7 80

Trying to figure out if you should sell now?
call me ~ text me ~ email me
I’m here to help.

Vicki Moore, Realtor
DRE 01234539
RE/MAX Star Properties
Selling San Mateo County Homes Since 1998

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