Election Update time. ran numbers yesterday and more of the same.
New listings 19 thats a small drop which is what we expect to happen as we head into the holiday season but not good news for buyers here.
New Pendings of 27! Lowest since May as there just isnt much out there to buy. It was overdue to drop but still a -8.
Closed sales at 32 in loine with expectations based upon sales activity.
Price reductions up to 8. If you havent sold you are too high
Total houses for sale still 92. All 4 of those sub $1m homes sold from last week. Median listing price is 1.695M. Just bouncing around but the real take on this is Holy Cow how did we get here?
Oh and good news for clients of mine. After battling through 15 -20 offers on a bunch of properties they got one. We only offered on the best properties learning a long way what it would take to win. We know what the closing prices will be like in the coming weeks on the homes we missed out on which is critical in a market like this. We let lots of other buyers get their orders filled on inferior properties. They got what looks like a good one that could be home for 10 to 20 years if they want it to be. Happy for them:)
