Another reflection on the current state of the local market.
While it feels a little softer and active-inventory counts have risen (though still well below previous years), the demand has been voracious, and it would need to cool off dramatically before any panic sets in.
There have been 100+ higher-end sales in EACH of the last three months, when, prior to the pandemic, we never had more than 48 in a month!
The number of sales is a leading indicator. Let’s keep an eye on them!
The trajectory of the green graph looks like Jeff Bezos’s most recent rocket ride. To the moon Alice!