Good morning, welcome to a new week. Traditionally one of the shortest work weeks of the year, which I'm sure makes many of you happy. I always like this week, because it's the last few days of refuge from the non-stop barrage of Christmas music on the radio. I rarely listen to the radio during the rest of the year anyway, except that there's one in the office. And for whatever reason, I always seem to be around the office a lot between Thanksgiving & Christmas. My only prayer is that I can escape the season without getting subjected to "Grandma Got Run Over By A Reindeer". Anyway, strap yourselves in for another exciting MMN thrill ride:
Active Listings: 71
Contingent Listings: 55
Pending Listings: 48 (27.6% of the inventory)
New listings: 14
Months of inventory: 3.7
Click here for an updated price per square foot chart.
We got a nice little bump in our active inventory this week with those 14 new listings. It's still very thin, but that's a move in the right direction for anyone trying to find a home to buy. 8 of those 14 new listings for the week are REO's, so it appears that some of that small backlog that I've been tracking for the past few weeks is starting to break loose. Our months of inventory still remains low, in large part because the 3 month sales number that I use to calculate it is at 102, which is a high point for the year.
I think that I'll have something a little different for you later this week.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment