While it is quite normal for many listings to expire or terminate at month end/year end, it was quite shocking to see an OVERNIGHT decline in the total number of listings on the Westside by 21%!  That is down 35% since October 31st.  The overnight decline in Detached is 21%, and Attached is down by 18%.  Since October 31st, this represents a reduction of 41% in the number of houses for sale, and a 33% reduction in the number of condos and townhomes for sale, which is quite significant.  This means a lot less choice for buyers, unless some of those properties come back to market.  In recent months, buyers have enjoyed a healthy supply of properties for sale, low interest rates, and very little competition from those sitting on the sidelines, taking a "wait and see" approach.  If sellers now decide to "wait and see" it could be the start of a more balanced market, and more stable prices for 2009.