Monday, April 20, 2015

Inventory Update [Analyze This]

by Osman Parvez
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A quick look at inventory, updated through today,  April 20th 2015.  


Inventory continues to creep mildly upward.    182 houses and 157 condos and town homes are listed for sale. 



As of this morning, 108 attached dwellings are under contract.  48 are available.  This ratio will change as final negotiations take place for last week's new listings and agents update the MLS listing status.



As an odd coincidence, 108 houses are also under contract.   74 houses are available.   Keep in mind "under contract" includes "active/backup" and "pending" status on the MLS. 

Our take?   The market is not slowing.  It's becoming more active. 

26 listings closed last week, the majority for a premium.   Analysis tomorrow. 

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

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