New Pendings of 13 (23) – but more selling with lower prices
Thats -5
Closed sales at 10 (23)
Total houses for sale 89 (54) with median of $1.829M ($2.375M).
Pendings not as high as last week but still doing OK and eating away at supply. As in MM we’ve had a lot less come on the market the last 5 weeks (50 this year vs 76 last year).
Demand is much lower than last year but new supply is also. Where it all goes will dictate price action next year. Will supply increase a lot come Spring or does the seller’s strike continue? TBD
We are 3 weeks from when discretionary seller’s typically start taking a break for the holidays
