Back to my day job. ran numbers yesterday and owe you all an update. Thats Californian for y’all
New listings 8 –
New Pendings of 7 –
Thats +1 change
Closed sales at 12
Price reductions at 1.
Current inventory at 9 with median price of $799K
Slow and steady flow of inventory far below demand. BTW, I take back my statement some look to be pushing too hard. The house near the one I sold seems to be in escrow. Not only didnt they lower the price, they raised it! Its probably gonna sell for at least 150K more.
