More of the same if not worse relative to last year
New listings 12 (21) – should be trending up but isnt
New Pendings of 16 (33) – could sell 5X easily if we had it
Thats -4
Closed sales at 13 –
Price reductions at 0 –
Total houses for sale 24 with median of $2.585M.
Inventory half what it was last year. This was the week one year ago it started getting better but not this year. Maybe next week
In my hood first house to be listed in 3 months is coming soon. Last sale of this model was 10 months ago. It was listed for $1.4 and sold for 1.6M. This one will be listed for $2.1M. Its not impossible that we’ll see it sell 50% higher than the one a year ago. One to watch
