Another Friday, another market update. Not a lot to report – it seems that the market is stuck at an inventory of 127 homes for sale – the 5th week in a row!
Sales are remaining fairly stable, which is a good thing. There has been some more clearing out of stale inventory, as there were 6 homes on the market for 60 days or more, one of them for over a year, so that is a good thing. Including these anomalies, the average days to sell is pretty low, at 24 days.
Notice the activity seems to be in the lower price ranges again, with some in the upper ranges too; given the buying power of the dollar in today’s interest-rate climate, you might expect people to be spending more.
The annual summary chart, above, now has a full year’s worth of activity to report – notice how many houses were available as recently as 9 months ago, compared to the number on the market now.
Weekly Summary in Graphical Format
Supply & Absorption Rate
Weekly Listings & Sales
