New listings 17 – among the lowest counts this year
New Pendings of 28 – butr demand keeps chugging along
Thats -11!
Closed sales at 25 –
Price reductions at 6 – If you shot to high with your initial asking price its obvious now
Total houses for sale 64 with median of $1.965M.
Noticed a bunch of homes that had been on market a while going into escrow. Sometimes the only thing that will get sellers to the price price is sitting on the market for a bit.
This has been a market this year where most homes sell in the first week +/- a few days. In the last 10 days, 36 homes sold that had been on the market for 10 days or more which is an amazing market clearning development. These sellers either adjusted expectations or the market came up to meet them. Even the 1 story on Fulvia went pending this week. Im gonna follow these to see if they took less than asking or the market came up to meet their price. Will know in 4 to 6 weeks and will post results.
