The level of homes for sale in Ventura, Oxnard and Camarillo have begun to increase as we get into spring. I anticipate the numbers will increase as we start to get into the traditional selling season for residential properties. Here are the inventory level numbers. At the entry level price points, we’re still seeing a preponderance of distressed sales (short sales and bank owned REO’s) but we’re also starting to see “regular” deals coming on the market as sellers realize that the marketplace has stabilized (ie, not declining) and they’re needing to make life style decisions, such as needing a larger home (move ups), a smaller home, etc. Compared to last year however, we’re roughly down about a third in terms of raw numbers.