I was curious about CV so I ran some quick numbers on homes up to $1.5M. I hadnt checked in and based upon the claims CV is crumbling I expected to find a rough situation. Here’s what I found.
128 homes on the market
27 in escrow
73 closed in last 3 months (average about 25/month)
Doesnt look so bad to me for a crumbling market at the slowest time of year. If I tore into the numbers more I suspect I could find some signs of weakness but certainly not a market showing any signs of collapse. There also seemed to be alot more homes under 900k then I remember seeing in quite some time so clearly prices have fallen. My guess is they will get quickly snapped up after the Super Bowl when buyers come back in the game and find lower prices. I guess we’ll have to wait and see.
