Hello Everyone,
No major changes this week, so the commentary will be brief.
There were 100 new SFR listings during the last 7 days, but the percentage of SFR's in contract went up slightly anyway from27.8% last week to the current 28.4%. 41 SFR's closed, 71 went contingent, 43 pending. An active market. Notably, there were 54 price reductions on SFR's, a continuing reminder to sellers that pricing is critical. SFR units sold YTD also inched up to 730 vs. 692 at the same time last year, or 5.4% ahead.
Condo sales continuing to lag, but the gap in unit YTD sales shrunk just a bit this week. Units sold YTD are 197 vs. 245 at the same time last year (19.5% fewer), but percentage in contract held fairly steady at just over 20%, continuing to be a buyers' market. Advice for sellers is to continue to prepare and price properly.
Only 19 new listings for the week. 13 sold, 14 contingent, 12 pending, and 18 price reductions.
Of course, conditions vary from city to city, with some markets being more robust than others. Please refer to the city-by-city report I sent out at the beginning of the month for details.
More next week----
Until then, best wishes to all,
Fred
for access to spreadsheets with sales statistics visit http://www.listedbyfred.com
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