Pending after 6 days. Same house probably would go for about 850-900k last year and about 575k 5 years ago.[/quote]
We are by no means done and nowhere close to any downturn. With higher inventory MM should churn out 10+ pendings a week as it has picked up the pace to.
No surprise this went fast and for top dollar. Truly one of the really nice spots in MM as you well know. As a market watcher where you want to look for the first signs of slowing down are less desireable lots/locations. Thats where it will show up first. They will still sell but the market will differentiate on price more as a frenzy slows.
