Good morning! Hope everybody had a great Flower Festival weekend. It's kind of fun, because we live a stone's throw from Ryon Park, and we can walk over to it. The 10 year old kid in me loves seeing a carnival almost in my back yard. The middle aged crank in me is glad to be rid of the traffic...
Let's take a look at some numbers:
Active Listings: 88
Contingent Listings: 39
Pending Listings: 62 (32.8% of the inventory)
Price changes for the past week: 12 (9.5%)
New listings: 11
Click here for the up to date price per square foot chart.
Our inventory is up a little bit again this week, and our pending units dropped off with some closings that happened last week. We have 5.4 months of inventory on the market this morning. I'm thinking that our inventory probably bottomed out a couple of weeks ago, but it's hard to say what's going to happen in the next couple of months.
Later this week I'll come back and take an updated look at our REO activity.
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