Ive got 3 weeks data to catch up. Might as well do it all in one post. Hope the format works for anyone trying to follow it. I’ll start with 3 weeks ago and go forward from there
New Listings
9 (6)
3 (6)
10 (7)
New Pendings
11 (18)
5 (5)
10 (11)
Thats
-2
-2
0
So seems more in balance this year. Last year inventory was selling faster as there were more discounts due to uncertainty of further rate increases
Closed Sales
15 (14)
9 (5)
9 (13)
Same as last year
Total houses for sale with median of :
82 (82) median of 2.25M (1.9M)
83 (85) median of 2.2M (1.95M)
78 (85) median of 2.25M (1.99M)
The story here is it seems like there is far less panic selling among sellers and less discounting. There is no fear of rates going higher and if anything the sentiment is they will fall or stay the same. It should continue being a sluggish slow market into next year. Good for home values and another tough year for the industry with low sales volume
