Good morning, happy Columbus Day to the handful of you who actually get the day off... Really, outside of government workers and students, does anyone even know it's a holiday? I'm back from the C.A.R. meetings, and I'm not going back to another one until February. They're interesting meetings, and I kind of like them for the first day or two, but then I just want to come home. But I'm there for the duration. Anyway, let's look at this week's vitals for our market:
Active Listings: 69
Contingent Listings: 60
Pending Listings: 58 (31.0% of the inventory)
New listings: 12
Months of inventory: 4.1
Click here for an updated price per square foot chart.
We have a few more pending units and a few more new listings this week, but aside from that, there isn't a lot of change from last week's numbers. We're coming into a period where sales traditionally slow down, so if some of that minor amount of REO backlog starts to come on the market, we might start to see a bit of an increase in our inventory levels in the next couple of months.
Later this week I have a third quarter update on tap. Should be interesting - I can't wait to see what I have to say. Seriously, sometimes I just don't know what's going to come out of my mouth (or keyboard).
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