Monday, January 18, 2016

New Listing Watch -- Right on Schedule ... listings bounced right up after the holidays and new year's holidays.  Of the 91 new single family home listings during the last two weeks, 11% (10) are already in contract.  The bounce was even more pronounced with condos where 138 new listings appeared during the last two weeks and almost 17% (23) of them are already in contract.

Assuming the usual pattern holds, inventory will continue to increase through the May-June period, drop off during the July-August period, reach another peak in September-October and then fall steadily through the end of the year.

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