Update time. market is hitting seasonal slowdown. Its a little better for buyer but not really. Instead of battling with 10 to 20 strong buyers you now battle with 3 to 5 strong buyers on the good ones. Peak frenzy is past and sellers who push too hard are more likely to sit. For now I expect prices to hold but the big gains are past for the rest of the year IMO.

New listings 24 – the big surge was last week right after school let out. Should return back to average listing counts

New Pendings of 34 – less competition but still plenty of demand for well priced nice homes

Thats a -10 for the week. Back to negative numbers.

Closed sales at 31 – The eye popping closings will continue rolling in for another few weeks but peak appreciation should be in the past for this year. Prices should roughly hold but in a couple months everyone will normalize to them it will no longer be such a novelty

Price reductions at 3

Total houses for sale 68 with median of $1.973M

Inventory level pretty flat but should start building slowly the next 2 or 3 months. Im hoping for a less frenetic but orderly market the next few months up here.

We now have two sales in the hood of $2M or more. I never would have predicted that. Those homeowners will be paying as much in taxes each year as I pay for principal, interest, taxes and insurance. Easily the best thing ive done in my life was buying a house here and holding on for the ride.

DVR alert! Tonight on Househunters on HGTV at 7 pm the episode will be based upon house a bought here in the hood. It was purchased in early January and is now looking like a great deal. Easily worth another $300 to 400K and maybe more.