New listings 7 (10) – would like to see closer to 10+
New Pendings of 11 (124) – lots more choices and as expected an uptick this week
Closed sales at 5 (6) –
Inventory at 19 with median of 999K. Last year it was 11 with median of 849K.
We saw the double digit pendings I set as benchmark we should see indicating market still strong. Inventory up over last year but same as last week/around where it sat most of last Summer. Whats on the market is either just listed or a tad too high and sitting.
The market looks like it should chug along here like this for another month or two. Once we get to late June I expect things to slow down more. For now the crazy bidding wars are over. Houses sell at or around asking in most cases as long as priced at recent comparable sales. It feels like a nice stable market here for now.
