Realtors including myself say that we have "low inventory", but it's not because fewer sellers are listing - it's because the heavy demand is gobbling them up faster, and at higher prices: NSDCC Listings and Sales between Jan 1 and May 15 Year Total Listings Sales Avg...
An update on the Actives/Pendings report - does anyone remember when it was called the Jim Ratio? One day fellow realtor Peter B. agreed with me that a 2:1 ratio of active listings to pendings were a normal market, and boom, the Jim Ratio was born. The...
The lower-end looks like it is picking up speed, and those selling above $1,000,000 shouldn't feel bad either. Here are the active, contingent+pending, and sold listings for each area - the monthly sold count is the last six months of sales divided by 6....
We've compared active listings to pendings, and have seen how a 2:1 ratio is where a market seems healthy and balanced. Here are the active vs. contingent/pending listings of detached-homes: Region/Area ACT listings C+P listings Ratio NSDCC South 664 398 2.95:1 NSDCC...
While the whole NSDCC market feels like it is cooking, the inventory shortage and resulting dash to tie up properties is restricted to the lower end of each area. We've considered a 2:1 ratio of active listings to pendings to be a fairly normal market, and the...
From Zillow: The inventory of lower-priced homes for sale, which are commonly sought by first-time homebuyers, has dropped by more than 40 percent in California over the past year, according to a new Zillow analysis, which tracks changes in the number of homes listed...
You can see the hot spots around our area from comparing the actives to pendings. We have seen in the past that a 2:1 actives-to-pendings ratio is a good barometer to indicate a 'healthy' marketplace. With short sales being approved faster and buyers hanging on, I've...
When I say, "the inventory is thin", it really means that the demand for good-looking-properties-that-are-priced-reasonably is healthy. While that would seem obvious in any market, it is worth repeating when all you hear is how bad the real estate market is from the...
Back in the day when there weren't loads of short sales, we used to compare the actives to pendings to get a read on the relative 'health' of the marketplace. With banks pushing harder to close the short sales (though the timelines are still uncertain), and because...
The NAR Pending Home Sales Index was released today. They reported a 30% decline in May pendings (vs. April) and it didn't even garner it's own post at Calculated Risk, so either nobody cares about what's coming out of NAR (most likely), or the drop was expected. The...
