First signs of a change in the market appearing. Not so much here as up along NCC but next 2 weeks will be very telling.
New listings 9 (10) – this week was bigger last year also. Need to watch what happens next week
New Pendings of 6 (9) – steady with previous weeks but usually starts ramping up in weeks after tax season. Another thing to follow
Closed sales at 6 (7) –
Inventory at 9 with median of 1M. Last year it was 10 with median of 782K.
This is the time when we start seeing a step up in supply each year. Also not usual for pendings to slip a couple weeks around tax deadline before they start stepping up. Im seeing more of a change elsewhere than here but first time Im feeling the market has shifted its balance of power. Next two weeks will tell that story particularly the the second one.
