[quote=sdrealtor]Update time. Another strong week for MM.
New listings 8 –
New Pendings of 9 –
Thats -1 change
Closed sales at 9.
Price reductions at 0. There are some which should be reduced.
Current inventory at 20 with median price of $875K.
MM has become a very orderly market with a very consistent ebb and flow. I would say well over half the current inventory is on the market for 2 weeks plus getting stale sitting overpriced. There are buyers for anything reasonable priced appropriately
Drove through 3 Roots yesterday. Its gonna be a stunning transformation for the area IMO. Looking really impressive to my eyes[/quote]
the cool part about 3roots is its right at the corridor to this large industrial park of a lot of biotech and medical device companies. Some of them are doing really well especially those supporting covid related testing and research. A few colleagues started working at these companies recently and they are on a hiring binge. Also as good as mobile engineers these days.
Big growth area imho, especially as we see more older and ailing people.