Good morning! Hope everybody stayed cool in that "heat wave" we had for a few days. I have to tell you, as an old Midwestern transplant - y'all don't know anything about extreme weather. But I have to confess - I was doing some yard work on Saturday, and I got to a point where I just said "Enough!" and came back in the house. Living in California for 27 years has made me a wuss. Anyway - let's get some numbers for the week:
Active Listings: 82
Contingent Listings: 54
Pending Listings: 61 (30.1% of the inventory)
Price changes for the past week: 13 (9.6%)
New listings: 9
Months of inventory: 5.0
Click here for an updated price per square foot chart.
Our inventory level is down a bit again this week. And we had a lot of price changes last week, but that number fluctuates a lot. I report on price changes weekly, but I may take that out of the weekly numbers soon. I'll keep tracking it, but start reporting on it quarterly. I think that it's a good market indicator over a longer period, but on a weekly basis, it's just about useless.
We closed on our investment purchase last week! We've got a lot of work to do (well, let's be honest, to pay for) in the house, but we're excited about the deal we were able to get on it, and it's going to be pretty cool to see this house with a face lift. I think that unless something else interesting comes to mind, I'll work up a post on our whole investment property search and purchase later this week.
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