New listings 19 – big drop off. People must be busy working on their taxe….Oh nevermind!
New Pendings of 37 – buyers surging too!
Thats a -18 for the week.
Closed sales at 45 –
Price reductions at 3
Total houses for sale 55 with median of $1.995M.
Quick note about methodology.
I only include new listings that hit the market. Some are entered into the MLS as sold or in escrow before processing so never available to buyers at large.
That is one reason we can have a lot more pendings than new listings without inventory increasing. The other is some sales come back on the market so not new listing. Of course they re sell quickly often for more but that is another matter.
The circus comes to town tomorrow as a home within earshot finally allows showing after a week of “coming soon” status. Im looking forward to my front row seat
Anecdote from the field talking to some high volume agents in CV. The market above $3M is starting to slow down a little while below that it rages on. Up until this year $2M+ was considered high end but now many tract homes go above $2M. Now the high end starts around $3 – 3.5M along the coast
