New listings 11 – this is when new listings should typically fall off substantially
New Pendings of 22 – demand keeps chugging along
Thats -11
Closed sales at 21 –
Price reductions at 3
Total houses for sale 57 with median of $2.65M. The median list price is way up suggesting the low end inventory is thinner than ever.
I dug a bit deeper on that looking at the under $2M market. As of today there are 20 actives and 80 pendings. In a typical market we see 2 to 3 active for every pending. Today we have 4 pendings for every active. This feels like a powder keg
