Based on these closed sales, the local frenzy has been steady this year – though these are results of buying decisions made as far back as January and February.
For the most part, we have as many or more sales, and the same or higher LP:SP ratios over the last 60 days compared to the sales in the 60 days prior to April 23rd:
Detached-Home Sales By Zip Code
This shows that the frenzy trends have been fairly consistent so far this year. Tomorrow we’ll take another look at the active and pending counts to see if there is any drop-off in the works.