Market Activity

Just a recap of the real estate activity in the past month. Inventory is creeping up, there are 197 single family homes listed for sale. Up from 140 or so in January but certainly nowhere near 2006 levels when inventory peaked at about 400 homes. 30 homes have gone under agreement in the past 30 days. 5 homes under 600 thousand. 8 homes in the 600’s, 6 homes in the 700’s, 3 in the 800’s, 3 in the 900’s, 4 homes 1 million to 1.1 million and lastly 1 home priced at 1.650. Notice the trend? The high end is languishing, but let me say there are some absolutely stunning homes in fabulous neighborhoods on the market. I believe this market will turn and when it does buyers will have an opportunity to buy wonderful homes at great prices.

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