I cant remember tracking these numbers being any less interesting. Its a very sleepy market on both sides
New 15 (6) –
Pending 13(19) –
Thats +2
Closed 9 (8) –
Total houses on the market 93 (93 last year) with a median of 2.3M (1.845M). Two years ago we were at 55 and in 2020 during pandemic peak impact we were at 92.
Inventory dropped back down and that should follow seasonal pattern down for rest of year. We’ll know soon enough
The most interesting thing I see in the data is the median 20% lower this time last year during that brief flash crash. There was a window of opportunity last Fall but prices have recovered from the short panic period. Inventory/Transaction volume seems to suggest we dont revisit that but we’ll have to see what the economoy holds for us
