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Inventory Improved as Sales Continued to Soften 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 Bay Area So CA Central Valley 2.2 3.6 3.1 Note: “Unsold Inventory Index” represents the number of months it would take to sell the remaining inventory for the month in question. The remaining inventory for the month is defined as the number of properties that were “Active”, “Pending”, and “Contingent” (when available) and divide the sum by the number of “Sold” properties for the month in question.

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