Yesterday reader Mozart mentioned how the inventory number had spiked over at the Department of Numbers:
But the 36% increase is a mistake – today, there are 6,575 detached and attached active listings on the MLS. They had the same type of occurance last year too, and the following week it dropped back down to the correct number.
The pricing is messed up too – have you seen any sellers backing down? Me neither, and certainly not in the beginning of April – they will wear out the selling season before thinking about a lower price.
Here are the recent weekly counts of new listings of detached and attached homes around NSDCC:
No flooding here – a fairly steady stream though.
Last year the increase of new listings between the months of March and April was only 6% – it probably won’t be much different this year. Without new meat, the sales momentum won’t be as predictable.