Happy day after Mother's Day - I hope all the moms out there were treated well yesterday. Heck, I hope you get treated well today, too. Let's take a look at this week's market stats:
Active Listings: 101
Contingent Listings: 36
Pending Listings: 55 (28.7% of the inventory)
Price changes for the past week: 9 (6.6%)
Click here for the up to date price per square foot chart.
About the only thing changing much this week once again is the number of pending units. We've been seeing a trend over the past few weeks of increasing pending sales, and that continues this week. My first thought when I started seeing this trend was that we would see a decrease in the number of contingent listings, but that's not happening. This looks to me like an increase in buyer activity. We do typically see buyers come out in the spring and summer, but typical has been out the window for a couple of years now.
Later this week, I'm going to revisit short sale activity and update what's been going on in that segment of the market since I first covered it a few months ago.
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