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Months Of Inventory (MOI)
Residential (single family, condo, PUD)		  

The following table calculates Month of Inventory per city. Months of Inventory takes the solds for the past 30 days and divides that into the number of available properties. Six months of inventory is considered a neutral market. Less than six months is a Sellers Market, more than 6 months is a Buyers market. For cities with a lower level of inventory, a month of a couple extra sales will make the number look low or a month of really slow sales for the previous 30 days will make the calculated value real high.

  as of
06/01/09		 as of 05/01/09 as of 04/01/09 as of
03/01/09		 as of
02/01/09		 as of 01/01/09 as of 12/01/08 as of
11/01/08		 as of
10/01/08		 as of
9/01/08		 as of 8/01/08 as of 7/01/08 as of 6/01/08 as of 5/01/08 as of 4/01/08 as of 03/01/08 as of 02/01/08 as of 01/01/08 as of 12/01/07 as of 11/1/07 as of 10/1/07 as of 9/1/07 as of 8/1/07 as of 7/01/07
SLO County 8.3 10.4 10.4 10.1 13.3 8.1 12.6 7.6 10.8 10.7 9.4 10.5 10.5 9.5 12.1 13.4 15.7 16.0 15.1 14.5 14.8 13.0 10.4 8.1
                                                 
Arroyo Grande 9.2 10.6 10.0 8.9 11.4 8.4 10.8 6.2 10.8 11.4 8.3 9.4 9.2 7.4 7.7 14.2 8.6 20.0 13.5 10.2 8.0 9.5 6.2 8.1
Atascadero 4.5 7.6 10.3 9.4 6.2 4.1 14.8 7.4 6.5 10.8 10.4 10.5 15.2 13.8 13.4 22.2 26.5 28.9 23.1 49.4 19.1 20.7 10.7 9.7
Avila Beach 9.0 10.5 10.0 (no solds) (no solds) 12.0 (no solds) 27.0 (no solds) 28.0 (no solds) 10.5 8.0 (no solds) 3.5 (no solds) 19.0 6.3 19.0 8.0 9.5 6.3 4.6 (no solds)
Cambria 19.0 24.0 15.7 8.6 18.8 23.0 12.6 11.8 11.3 18.3 13.3 14.7 12.4 10.7 18.2 17.2 22.0 11.6 20.8 12.3 15.7 10.0
Cayucos 62.0 (no solds) 28.0 52.0 49.0 43.0 10.0 6.7 11.4 20.3 30.0 15.2 9.8 11.0 57.0 14.8 16.0 51.0 13.3 14.8 9.6 7.8 9.8 27.5
Grover Beach 8.8 5.4 10.0 8.5 15.5 8.5 8.4 5.1 10.6 11.6 6.5 11.0 8.5 9.5 13.4 8.9 8.7 16.0 35.0 15.0 18.5 58.0 14.3 7.1
Los Osos 9.6 10.7 8.7 18.5 13.2 6.6 8.9 15.8 4.5 10.6 7.6 9.0 10.3 9.9 10.4 8.1 18.0 16.0 9.4 10.8 12.3 9.5 8.9 7.4
Morro Bay 31.3 26.5 8.8 11.4 25.5 12.9 115.0 9.4 14.8 10.9 12.1 11.3 11.5 14.6 10.0 12.0 29.7 13.3 11.3 13.0 22.0 29.5 11.8 3.8
Nipomo 4.5 6.2 6.5 7.6 10.8 7.1 13.5 9.2 18.5 10.8 8.7 39.3 7.7 6.5 13.1 11.5 11.1 22.5 23.1 12.1 14.8 12.4 13.8 6.4
Orcutt 3.0 4.3 6.0 5.3 6.9 4.5 6.8 5.5 6.1 7.5 6.9 6.9 6.2 4.9 9.3 7.0 12.0 9.6 12.6 9.6 11.9 12.8 10.6 7.0
Oceano 5.1 3.3 21.0 11.5 28.5 18.3 8.0 45.0 11.5 10.6 8.8 19.7 30.5 8.4 15.7 45.0 46.0 11.0 7.2 6.6 12.0 31.0 6.0 16.5
Paso Robles 7.2 8.1 8.7 7.3 10.6 7.3 14.1 7.1 11.6 8.0 11.4 8.7 8.0 9.7 13.5 16.8 21.8 22.3 14.3 22.3 27.1 15.2 13.5 12.2
Pismo Beach 12.9 9.6 19.6 25.0 22.5 18.6 14.8 34.3 11.2 10.3 13.1 9.6 12.3 8.0 21.4 16.3 16.2 24.3 52.0 11.2 17.3 14.3 16.0 7.2
San Luis Obispo 8.4 12.7 14.7 9.7 13.5 5.5 10.2 6.7 8.1 9.8 5.5 6.0 10.2 6.6 7.2 14.5 11.5 8.3 9.3 9.2 8.1 5.7 3.2 3.5
Santa Maria 2.7 2.7 3.2 2.6 3.7 3.0 5.3 4.8 4.3 5.7 7.4 9.2 7.9 7.3 12.8 14.0 20.7 12.7 19.0 33.6 14.9 11.5 19.4 17.5
Templeton 10.3 (no solds) 8.4 20.8 12.7 11.1 7.8 11.8 15.0 12.7 19.5 22.6 25.0 16.7 43.5 10.3 10.9 15.0 13.2 10.4 12.8 18.3 12.0 7.7
   

 

Individual City Single Family Home Inventory Levels

The following chart shows the inventory levels of Single Family Homes and levels of previous months (includes stick-built, condos, PUDs) - Actives/Contingents. I also included inventory in September 2004 so you can see levels when it was a Sellers market.

7/01/09 6/01/09 5/01/09 4/01/09 3/01/09 2/01/09 1/01/09 12/01/08 11/01/08 10/01/08  9/01/08 8/01/08 7/01/08 6/01/08 5/01/08 4/01/08 3/01/08 2/01/08 01/01/08 12/01/07 11/01/07 10/01/07 9/01/07 8/01/07 7/01/07 6/1/07 5/1/07 4/01/07  3/01/07 2/02/07 1/02/07

12/07/06

 11/02/06 10/01/06 8/17/06 7/14/06 9/21/04
Arroyo Grande 197 193 190 180 170 159 143 173 187 195 217 216 208 212  201 193 199 198 200 229 254 272 275 285 284 269 253 255  247 234 212 256 288 300 274 242 108
Atascadero 148 150 159 155 170 162 140 163 186 203 238 259 273 273 276 241 288 265 289 323 346 344 352 333 272 264 246 236  225 219 223
Avila Beach 18 18 21 20 19 18 12 22 27 21 28 27 21 16 14 14 17 19 19 19 16 19 25 23 31 29 22 23  24 22 24 26 29 33 17 16 9
Cambria 134 133 120 110 103 94 91 101 94 102 110 106 103 112 107 109 103 88 104 104 111 110 114                            
Cayucos 70 62 62 56 52 49 43 50 47 57 61 60 61 59 55 57 59 48 51 53 59 48 47 49 55 50 52 48  44 39 38 36 38 37 36 39 18
Grover Beach 77 70 75 60 68 62 68 84 92 95 104 98 88 93 76 67 62 61 96 105 120 111 116 100 92 102 92 72  71 79 78 89 107 105 74 84 40
Los Osos 64 67 75 78 74 66 59 62 63 63 74 76 81 82 79 73 73 72 80 85 97 98 104 107 104 100 93 80  76 77 74 87 105 115 112 112 44
Morro Bay 109 94 106 106 103 102 103 115 113 118 131 133 135 127 117 110 96 89 80 79 104 110 118 118 107 90 79 94  84 90 91 104 112 102 106 109 34
Nipomo 126 112 118 136 129 130 120 135 138 148 162 156 157 161 156 144 161 167 180 185 181 192 199 193 212 192 183 189  185 171 152 166 183 159 159 156 43
Orcutt 160 157 165 175 197 193 185 231 235 232 255 250 241 231 229 243 246 263 260 277 299 296 306 296 303                        
Oceano 37 36 36 42 46 57 55 48 45 46 53 53 59 61 59 47 45 46 44 43 53 60 62 66 66 58 54 41  41 40 39 42 48 51 38 41 19
Paso Robles 360 373 364 376 365 359 345 408 440 451 472 456 453 474 476 473 454 457 514 530 579 596 655 661 659 642 610 571  525 478 491
Pismo Beach 96 103 106 98 100 90 93 103 103 112 113 118 115 111 112 107 98 97 97 104 123 121 129 128 130 117 98 99  92 86 77 97 106 106 90 91 40
San Luis Obispo 210 219 228 206 184 176 143 163 167 171 226 225 211 215 225 202 188 172 158 168 175 186 198 193 191 192 196 164  167 163 170 181 197 207 177 182 97
Santa Maria 230 223 217 223 234 287 317 373 415 434 473 503 514 503 496 487 462 435 456 456 470 462 458 465 437                        
Templeton 103 82 82 76 83 76 78 94 94 105 114 117 113 100 100 87 72 76 75 79 94 102 110 108 100                        
                                                                           
Totals                                                                          
SLO Co Cities 1749 1712 1742 1699 1666 1600 1493 1721 1796 1887 2103 2100 2078 1884 2053 1924 1915 1855 1987 2106 2312 2369 2504                            
Santa Maria /Orcutt 390 380 382 398 431 480 502 604 650 666 728 753 755 734 725 730 708 698 716 733 769 758 764                            

 

                      Inventory Graph - 14 SLO Cities Tracked Above 
                                       (September 2007  -  July 2009)

 

 

                       Inventory Graph - Santa Maria/Orcutt 
                            (September 2007  -  July 2009)

 

  Download our 16-page 2008 SLO Real Estate Market Report (pdf)

 

© 2009 Keith Byrd     San Luis Obispo Real Estate

Based on information from the Pismo Coast Association of REALTORS® (alternatively from the Pismo Coast MLS. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS