Tuesday, January 12, 2016

How much did that house sell for? (Jan. 5-11, 2016)

The sales numbers below represent properties that went pending in & around early December -- the middle of the winter market. The winter market is the market that, until 2015, was seen as the slowest of the annual cycle. What you'll see reflected is a market starved for inventory. 

Numbers are out comparing inventory from 2012 and earlier to 2013 through 2015 and they are so much lower it's no wonder we're seeing the competition we are. Though we've lamented the "low inventory" of the past year or two, it's beginning to look like it may be a new normal for a while. Buckle up, we're headed for another competitive year with strong sales ahead.





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