http://search.lbar.com/images/files/Stats%20to%20post%2009_09.pdf

September 2009 sales increased 7% over September 2008. 711 sales were reported closed on LBAR’s MLS. YTD sales are down 13% over same period in 2008. Months of inventory are down to 8.8 months from a high of 10.8 months. Pendings reported in September are equal to pendings sales reported in August and are up from 650 in September 2008 to 759 in September 2009.

Overall, we have seen two positive “incremental” increases in sales. (1) First-time homebuyer’s $8,000 tax incentive has helped the $125,000-175,000 market. (2) There has been some general movement in the existing home market when the homes are priced to today’s market and are in excellent condition.

The jumbo-loan ($417,000+) home sales remain weak. Over $750,000 homes are being punished with unacceptably high interest rates and large down payments.

We see no abatement in the foreclosure numbers… banks continue to buy back the majority of Master Commissioners of Sales.