Still not enough inventory but starting to feel like we are gonna get an uptick soon, maybe this week
New listings 16 (17) – so there was a drop off this week last year also. Wonder if its a coincidence or something secular?
New Pendings of 25 (34) – still inventory constrained
Thats -9
Closed sales at 21 –
Total houses for sale 25 (42) with median of $2.35M ($2.33M)
Interesting that median is now pretty much the same year over year. Prices are definitely up quite a bit since then. It likely has more to do with the mix and more very high end homes selling then ever before. Last year in the first 10 weeks of the year we had 11 properties sell over $3M. This year its up to 16 so that market grew by 50%. In 2019 it was 2 houses and in 2020 it was 3. Prior to the pandemic that market barely existed here.
