Total houses on the market 74 (111) with a median of 2.24M (2.08M). Two years ago 69 with median of $1.975
A few things of note. Last year there were 101 homes listed here the 5 weeks after the rate rise and only 93 this year so not as extreme a change as in MM.
Looking at the existing inventory I see a few things.
Overall its down 33%
The market under 2.5M remains strong. If the house is sitting its likely because they are too optimistic with pricing.
The market over 2.5M is where the inventory is building. There are a bunch of amazing properties on the market
Over 2.5M I see a bunch of high end flips hitting the market as well as high end homes making their 2nd, 3rd or 4th attempt to sell over the last year or two.
