Hi again Wilson,
J.R is correct, the market is "slowing" as the laws of supply and demand are always at work.
From January 1, 2013 to July 1, 2013, the average number of single family homes (SFR) on the market was 3,200 homes.
The low in that time frame was 2,800 homes.
For the past 2 years, there are just under 2,100 homes closed per month (average). With 2,100 buyers and 3,200 homes, the market pace is pretty quick.
As of August 1, 2013, there were 4,525 homes listed, which is a 41% increase in supply.
Currently there are 4,601 SFR's on the market. 18 Months ago, there were 5,500 homes listed. You can clearly see how "the competition" affects the time on market.
Let us know if we can supply you with any further information.
Mark & Kari Shea
Shea Real Estate
National Association of Realtors
CA DRE License 01713506