Good morning, happy Monday. Time for some market stats again:
Active Listings: 105
Contingent Listings: 28
Pending Listings: 50 (27.3% of the inventory)
Price changes for the past week: 8 (9.0%)
A very small shift in the numbers this week as we saw more properties move into a contingent category. Active listings dropped off a bit this week to the lowest point of the young year. We have 5.0 months of inventory on the market this morning.
It looks like we've found a plateau on our inventory and activity for now. We don't stay on these plateaus forever, although we stayed very stable throughout most of 2008. I suspect that this year will see a bit more change, one way and then the other. If we do stay at around the inventory level we're at now through the year, I think we'll see home values stabilize sooner rather than later. There's a lot of buyer competition for the better values out there right now, and quite frankly, probably around a third of the total inventory right now are short sales that aren't going anywhere real soon.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment