April pendings – a strong leading indicator for real estate

Just pulled the April pending sales (properties that have gone into escrow – a leading indicator of home sales) and are seeing exceptionally strong activity in Oxnard, very strong activity in Ventura, but Camarillo’s April showing is still about the same as last year. Camarillo, for some reason, is a laggard compared to Oxnard and Ventura.

Real estate is a local thing – unfortunately, the general media has been beating into us that home sales are down or flat, and many believe it, but these are the REAL numbers for Ventura, Oxnard and Camarillo!

Filed under article topic: 2008 Pendings
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