We should have seem an uptick in new listings. Lets see what we got.
New listings 14 – not a good sign and really need this to start pumping out more
New Pendings of 22 – buyers never stopped looking
Thats a -8 for the week.
Closed sales at 17
Price reductions at 4.
Total houses for sale down to 51 with median of $2.235M
Hoping we get more inventory to keep upward pressure on prices reasonable. I have a particular interest in how the market is going to value ADU’s as Im hoping to add one. Ive seen a couple sales that seem to indicated the market has no issue adding 200Kish for 1BR/1BA 600sf ish unit. Im liking those numbers as Id like to add a 2/2 around 1000 sf ish out back
Having given up on Urban Metro Monitor for it really not being very interesting Im gonna start one for MM which i find very interesting and relevant. Look for it soon
