New listings 21 (24) – as expected dropped down from what should’ve been peak listing. I dont think we’ll see 30 again and if we do more than once it would be notable
New Pendings of 16 (34) – still dropping and buyer starting to resist prices
Thats +5
Closed sales at 20 (31)
Total houses for sale 120 (69) with median of $2M ($1.8M).
Inventory still climbing slowly but still around 1 1/2 months. No more than 15% have reduced prices so far. thats a sign of seller staying power/resistance. As we head toward end of Summer will be interesting to see if sellers reduce or pull homes off market. In the month of June 12 sellers decided to pull their homes off the market. Another thing i’ll be watching
