As of January 17, 2006, the inventory in Santa Clara County for single family homes is up to 1,841 and condo/townhomes is up to 670 units. This is up 47 homes and 24 condo/townhomes from last week.
Heading into February, our inventory levels now are about 2-times the amount of inventory this time last year. Our current level of inventory is similar to the amount of homes and condo/townhomes that were for sale in early 2002.
We expect inventory to increase as we head into the summer and buying activity has picked up substantially from November of 2005.
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