WOW! I just can’t shout loud enough to be heard. Over the last week, once again, we continue to put more under contract than we add new listings; by a HUGE margin. This is clearly being demonstrated in our “core neighborhoods” with multiple offers still ruling the day. Buyers are finding out about new listings simply on whispers.
Does that garage sale mean they are selling? It’s not quite that easy, but we have stopped at a lot of garage sales over the last couple of months. Maybe it’s true. Maybe we do need a bigger town…
Look at these numbers below:
New Listing (1015) We put 500 more under contract than we listed.
Back On Market (174)
Price Increase (157)
Price Decrease (480)
Under Contract (1502) We are not bringing enough new listings to the the market!
Sold (993) Another great week of closings.
Long story short, if you scroll back over the last 8 weeks and catch up on these posts, you will find this trend is the “normal” in our market so far in 2018. We’ll keep you posted, but you need to follow us!