New listings 12 (17) – a bit better than last week but still low.
New Pendings of 18 (28) – bargain hunting buyers seem to have come back in small numbers
Thats -6
Closed sales at 10 (25)
Total houses for sale 125 (64)
Inventory dropped a bit more. Of note, this week last year inventory dropped from 86 to 64 due to a surge in pendinings and sellers taking homes on the market that didnt sell quickly. I expect more of the later this year to be increasingly common too. While its gonna take some work, dropping below 100 by Labor Day would not shock me.
