Is inventory is creeping up towards a buyer's market?

91 Woodbridge homes are "active" right now, ranging in price from $268,888 for a 2 bedroom short sale, to $1,169,000 for a 4 bedroom SFR with a great lake view.

49 are in "backup" or "pending" status, and 19 actually sold in July, 2010. These "sold" homes ranged in price from $299K for a 1 bedroom condo in the Laurels, to $919,400 for a beautiful 4 bedroom SFR in Landing II.

Is inventory is creeping up towards a buyer's market? If you look at this chart of active vs pending vs sold homes in zip codes 92604 & 92614, you'll see that inventory is the highest it's been in at least a year.

Sure, a bit of 92614 is in other areas besides Woodbridge, but you'll agree that inventory is rising!

The next few months will be an interesting time, with affordability at an all-time high, and prices at the bottom of the new upswing.