The inventory of Active SFR under 600k is 18 homes. Pending is 106!!!!!!! Thats pretty far off. Most of those could be SS just sitting.
This year last time the market was flooded. I have a feeling after the 1st of 2013 we will see some more homes hit the market.
Over the past 6 months, 55 detached homes per month have sold in 92009. With only 75 Active listings as of today, 10/21/12, that is only about 1.5 months of inventory. Anything less than about 4 months of inventory represents a sellers market and likelihood that prices are increasing.