Sellers are starting to cancel for the holidays....especially on the higher-end. But I get the feeling they will be back in 2025 - especially if the pendings count keeps rising! There have been 97 closings this month (106 last November), and they look healthy compared...
Nice uptick in pendings this week! There might be a little breather around Thanksgiving but I think December should be active with rates trickling upward. New listings keep coming so buyers might as well stay engaged - who knows what you might see! The $0 – $1,500,000...
Sure, there have been 15% more listings this year than in 2023, but let's keep it in perspective. We're just catching up, aren't we? Through the pandemic, there was no surprise that people would be reluctant to have strangers in their house. Some of the potential...
To the Veterans - thank you for your service! No significant drop in the number of homes for sale must mean that sellers are motivated - they aren't cancelling their listings, at least not yet. But all we know is that they are motivated to sell at their price. Will...
A slight uptick in the inventory count in the last week - today's sellers aren't quitters! If the election noise starts to settle down, today might be the best day of the year to get a deal! The $0 – $1,500,000 Market: Date NSDCC Active Listings Avg. LP/sf Avg. DOM #...
What would a frenzy of inventory look like? There has only been a 15% year-over-year increase in the number of homes for sale in 2024, which isn't that noticeable, especially to the casual observer. Plus, the top-quality homes still get swept off the market quickly,...
I thought the run-up to the election would cause potential home sellers to wait it out. Wouldn't it make sense to NOT list your home in the month or two before the most contentous election in history? Certainly home sellers would have foresight and believe that buyers...
The number of pendings is catching up with last year's counts, and, with this being the end of October, there should be another 20+ that close escrow this week. The pendings' count is going to get down to around 100 in the next couple of weeks, which probably means...
There are several reasons why I think the local inventory will surge in 2025. It will be due to several causes contributing more houses for sale, and all combined it may look like a flood in some areas. Been Trending That Way in 2024 - The inventory this year has been...
It would be natural to expect the number of active listings to be declining by now, but sellers are still hopeful. Of the 470 actives, there are 113 of them that have been on the market for 90+ days too (24%). Those don't have much chance of selling this year without...
