Quick update on NC Coastal. Active listings and Pending (in escrow) listings are virtually unchanged form last week. Both are down a couple. This time last year there was already an upward trend. Since January 15th the detached home inventory has been about 450 homes with a very tight range (+/- 10 to 15 homes). Pendings on the other hand have gone from 104 homes to 178 homes and have been as high as 186. Not much in the way of real discernable weakness here.
As an aside, I was at a networking meeting with several dozen agents where we pitch new listings and buyer needs. There were alot more buyer needs than new lsitings coming up. In particular, there is alot of unmet demand for nice single level homes with at least 1800 sq ft and preferably a 3 car garage. If you’ve got one, particulalry of the none tract home variety with a view, you are lucky as they are getting harder and harder to find.
