I think we can say the market is coming into or already back into balance.

New listings 10 (11) – increasing as expected

New Pendings of 4 (4) – lots more choices and would expect an uptick next week

Closed sales at 2 (4) –

Inventory at 19 with median of 975K. Last year it was 11 with median of 800K.

Demand has been creeping down as there hasnt been much to buy but now there are a bunch of nice choices out there listed at fair prices not reaching. This should be where market comes into balance or shifts. If I was looking Id watch to see if demand increases as it seasonally should. If it doesnt I think once inventory gets much above 30 things will start shifting towards the buyers. I’d keep looking and watching for the good ones (good location/lot). Learn how to identify them immediately. Based upon past years data, pendings should be close to or above 10 the next 4 to 6 weeks.