Back to the old format but please read the catch up posts first if you have not already done so.
New listings 8 (7) –
New Pendings of 15 (12) –
Thats -7
Closed sales at 12 (10)
Total houses for sale 55 (26) with median of $2.195M ($2.585M). Two years ago there were 44 on the market
We are six weeks into the year and have yet to reach double digit new listings. Last week we had them 3 of the first 6 weeks. We have had double digit pending counts 4 weeks in a row. Inventory continues to trend flat to lower. Buyers while not willing to bid homes far above asking are showing up in droves and buying especially the turn key homes.
None of this is conducive to falling home prices. WE will continue to see data showing falling prices but that is still data that needs to catch up with reality. It wont be until May or June that we start seeing published data reflecting what is going on now.
