Another Monday morning, another quick snapshot of market activity:
Active Listings: 102
Contingent Listings: 30
Pending Listings: 38 (22.4% of the inventory)
Price changes for the past week: 12 (9.1%)
Click here for our most recent price per square foot chart.
We have 5.3 months of inventory this morning. It looks like we've hit a plateau on these numbers for now. The active listings are down a little from last week, but aside from that things look an awfully lot like they have for the past few weeks. I don't know how long things will remain static like this. Last year, the inventory level stayed very stable for about 10-11 months, and the only thing that changed through that time period was buyer activity. That's one of the truly interesting things about this business - there really is no "normal". Things are constantly changing, sometimes due to things that we understand, and sometimes due to things that are total mysteries.
Later this week, we're going back into some REO numbers and analysis.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment