New listings 13 (29) – atypical weekly drop like that this time of year
New Pendings of 19 (31) – Still demand out there
Thats -6
Closed sales at 13 (35)
Total houses for sale 127 (80) with median of $1.95M ($1.99M)
Inventory dropped by one but the bigger thing of note was the drop in new listings. Watching things as I do its feeling like less is coming on and sellers are starting to dig in. But like in MM Id like to see this persist for a few weeks before declaring peak inventory past for the year. If these trends continue both places we’ll look back at this week as when we saw the frist sign of a soft landing but still a lot TBD first
A couple notable sales this week with a great house thats been on the market over a year entering escrow around $7M
And this one which if it closes will establish a price record by around double the previous high sale when this home sold for $11M back in 2016. At $20Mish we’ll likely welcome a new celebrity neighbor to the community
