When tracking the current market trends, let’s keep an eye on the most recent pendings to help gauge the demand.  Are there still home shoppers willing to agree to a price, and deposit good-faith money into escrow?  If so, those are marked pending in the MLS.

Sure, they don’t all close, and we don’t know what the final sales price will be – this is purely a gauge of whether there are still buyers with guts:

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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