New Pendings of 21 (33) – pretty much in line with most of this year but it feels a little light. We have had a bunch of new listings hit recently and this should be up a fair amount next week unless the winds have shifted strongly which is a possibility
Thats +5
Closed sales at 22 –
Total houses for sale 42 (57) with median of $2.45M ($1.86M)
We got more inventory I was hoping for and pendings still feel light. With mutliple offers it can take longer to come to agreement but its feels like more than that. I think this is a bellweather week coming up. I can feel the cooling and think we will see further softening. But Im gonna let the market decide that one way or another. My feeling is it will and then the question will be how will sellers respond if it does. Will they lower prices or stand firm? Will they take less or take it off the market?
