Update time. Strong week for MM, maybe strongest all year.
New listings 7 – slight decrease over last few weeks
New Pendings of 18 – easily biggest week of the year. Part is there was more inventory but there was more inventory the last 3 weeks. Bit of a reversal here
Thats -11 change
Closed sales at 6. Sign of previous low inventoyr as things take 30-60 days to close
Price reductions at 0.
Current inventory at 16 with median price of $850K.
Inventory had been building over last 5 weeks then boom. Things are cooking in MM again.
