I suggested that buyers were merely vacationing from the housing hunt over last six months of the year, and some at the open houses this weekend confirmed that it was the case for them.

Last week the median days-on-market for the new pendings in January was 55 days, and it was this week too!  We had as many new pendings in the last week as we had in the first two weeks of January combined!

It appears that buyers didn’t mind the prices so much – they just weren’t looking.

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