Here are graphs that look generally supportive of the local market.

The SP:LP is still well above 100%, though hopefully it will keep receding. Everyone should be happy with it running around 100% or a little under, like it has throughout the history of real estate:

There are more homes for sale – but still low for the selling-season:

June sales are going to be really low, which is fine. Both buyers and sellers have the right to wait for some future date when it might be different (conditions are not likely to change though).

Rapidly-rising prices have decimated the lower-end markets. We’re left with an affluent, higher-end market where buyers and sellers both tend to wait for something better, later:

Check out my new mortgage-rate widget in the right-hand column – we just hit 5.85%! >>>>>>>>>>>>