Last week our lead question was “Is the Market slowing Down”. As it would appear from the numbers below it is not. This week we sold 58 homes while only adding 45 (34 new listings + the 11 that came back to the market).
| Week ending |
Newly Listed |
Back on Market |
Price Increase |
Price Lowered |
Under Contract |
Closed |
| 2-Nov | 34 | 11 | 1 | 31 | 58 | 41 |
As an interesting side note during this same week last year we sold 78 homes while listing 54 (including the returning to market homes). While this is a single week’s numbers, we remember it as being the busiest winter in recent times for real estate.
What are your thoughts? Traditionally the holiday season is a slow time for our industry. What has caused this shift in buying habits? Is it a recovering economy? Is it caused by the short inventory? We would love to hear your opinions.
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