Inventory levels are still excessively high. It appears that the month of July has set a new record in this market for inventory levels when there were (on July 15th, 2010) 594 listings of residential properties in Douglas County. Total listings in the MLS were 688 listings at the peak. Both numbers are at the very peak of the data. If you research my blog (just search the word “inventory”) you can see that these are the highest number of listings at any one given time. In 2006, 2007, 2008 we skyrocketed in inventory from the 2005 levels. In those years we averaged around 660 listings, then in 2009 it dropped almost 10% to 608 listings with 545 residential listings in Douglas County.

Currently, there are 651 listings in the Residential section with 554 listings in Douglas County.

Source: Greater Alexandria Area Association of Realtors Multiple Listing Service