Pending 11 – this feels low and is cause for some concern and worth watching as it could be the start of a shift. Or not. I can feel a slight shift and it might be due to rates coming back up.
Thats +8
Closed 16
Total houses on the market 49 (44) with a median of 2.3M (2.625M). Two years ago there were 49 on the market with a median around $2.1M.
Inventory back above last year but that should be short lived. We are almost to the point where rates spiked last year and things changed. Inventory really started building in early May last year and that is around the corner. I think watching inventory is gonna tell us what is coming next
