Weekly Scorecard 12-27-10
This is the last one of the year and the inventory continues to drop and sales remain OK for this time of year. There are some big questions for next year and that is how much inventories will have their usual seasonal increase and how much distressed inventory as a percentage of the will be in that new inventory. I am seeing at the street level many fewer distressed sellers and more sellers considering that 2011 may be the time to sell. However when given present market pricing many of those sellers are looking to wait 2011 out until they started seeing prices improve. I think 2011 will see a year of low inventories with many buyers not wanting to participate unless they get the “value” pricing they were used to seeing and many sellers not wanting to participate until they see prices moving up and have more of an incentive to sell.
The spreadsheet is here: Weekly scorecard 12-27-10