New listings 6 – steady dropping into holidays

New Pendings of 14 – buyers still very active

Thats -8

Closed sales at 10 –

Price reductions at 0

Total houses for sale 33 with median of $2.35M

This time last year inventory was 84 so a 60% decline from what was a historically low inventory last year. As expected double digit pendings but not by much as there isnt all that much to buy. There are about 15-20 of those that are very high end, dramatically overpriced or have issues that make them difficult to sell. Some may give up and would not be surprised to see inventory bottom out around 20 by year end but that would take some doing.

Dont expect much to report next month