OK, Wake Forest is off the hook now - everybody else I had picked wound up tanking as well...
Good morning, here we go again with our weekly look at activity in our market:
Active Listings: 101
Contingent Listings: 38
Pending Listings: 30 (17.8% of the inventory)
Price changes for the past week: 11 (7.9%)
Click here for our most recent price per square foot chart.
I'll be updating this chart with first quarter prices in a couple of weeks, and breaking down the quarter for you. I'll have to wait for some of the inevitable late postings of some sold units.
I said a few weeks ago that I'd be concerned about our pending sales if we got to the end of the month and we were under 20%. What I didn't count on with that thought, however, was the idea that our contingent listings - which I don't factor in that percentage, mostly because they are less reliable closings - would actually get to a point where they would outnumber the pendings. So I'm not all that concerned about declining pending sales as an indicator of softer demand. What we're seeing is more a function of our inventory shrinking to the point where buyers are moving to short sales to find what they want.
Come back later this week for a Focus on the Southside. And I think Maria was talking about posting something soon.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment