Im feeling the winds of change here. Still to early to say for certain but balance seems it may have shifted abruptly for now.

New listings 29 (19) – we blew by 20 this week.

New Pendings of 19 (28) – increase from last week but thats a good size drop from last year. Could be tax season slow down but we should be seeing 30+ soon. We’ll know in a couple weeks for sure

Thats +10

Closed sales at 26 –

Total houses for sale 51 (61) with median of $2.35M ($1.995M)

The slight shift I felt last week followed through and increased. Saw a nice jump in new listings. A bunch of them at what appear to be even crazier unrealistic numbers then weve been seeing.

Its been almost 2 years since new listings were 10 or more than pendings. Inventory jumped up close to last year and should be above last year next week. If pendings dont pick up and listings stay at current level we will get back to a balanced market by the end of June.

I could be wrong but i’m gonna call this the week that the extreme sellers market shifted. Nothing indicates a crash or even decline but the insane party for sellers looks to be over. In two weeks we should know better after we see what happens next.

Looking at the lower priced attached market that still seems to be red hot for now. Will keep an eye out on that also