Can you feel it? That magical time of the year is approaching. Oh yes - right around the corner. For the little kid in all of us, the anticipation is building, and we can't wait to see what surprises are in store.
But enough about the NFL playoffs. Besides, it appears that my beloved Bears are the proverbial lump of coal right now. Let's take a look at our market numbers:
Active Listings: 77
Contingent Listings: 48
Pending Listings: 45 (26.5% of the inventory)
New listings: 12
Months of inventory: 3.5
Click here for an updated price per square foot chart.
Another week of double-digit new listings has pushed our inventory up a but in terms of raw numbers, but because of increasing numbers of sold units, we remain pretty stable in terms of months of inventory. The number of pending listings continues to trend down a bit this week, so we might start to see that three month sales number that I use to calculate our months of inventory drop off in the next month or two.
Later this week I'll move the neighborhood focus north another notch and take a look at the north end of town.
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