I was going to write a piece Saturday on interest rates. But when I fired up my computer on Saturday morning, it decided that booting all the way up wasn't on the agenda for the day. So my Saturday workday got re-prioritized to rebuilding a laptop. Fortunately, years of computer support experience taught me to have a regular backup, so there wasn't much lost aside from time and patience. That's three times this year that I've had to rebuild this beast. The first two times I'm pretty sure that I know what happened, but this time is a little less clear. One more time and I go buy a gun and take this #$%*&@ out to a shooting range. Anyway, let's get on with some numbers:
Active Listings: 116
Contingent Listings: 44
Pending Listings: 43 (21.2% of the inventory)
New listings: 6
Months of inventory: 6.4
Click here for the updated price per square foot chart.
No big changes this week. 6 new listings is a little higher than I would have guessed, but as it turns out 5 of those were REO's.
Later this week I'll try to work on that interest rate update.
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