Current inventory at 7 (10) with median of 940K (770K)
<800 sqft home in escrow. Anything on the market is on less than a week or as long as it takes to sort through offers. One to three motnh rent backs are typically post closing.
With such low inventory the median asking jumps around a lot but just the same is about 20% higher than last year
One thing Ive noticed is the quality is improving. In the past most of the listings seemed to be old homes in drastic need of a remodel but thats shifting. Now its more flips, long time owners that upgraded but are relocating/downsizing or buyers in the 3 to 10 years who are moving up. I havent seen much of a move up seller/buyer market here in the past but that seems to be changing as lots can sell and walk away with 300-500K or more. Perhaps some are going to3 Roots
