Looks like another word game is taking the world by storm! Are you in? My best so far is 3/6. If you know, you know.
We are down to just 908 detached single family listings in the 11 county metro area. Look:
Well, over the last 7 days, there has not been much new to the market. The shortage is continuing. Are you up for the competition? A year ago, had more that double todays market as active listings.
|New Listing (525) Can you believe this? Crazy low!!!|
|Coming Soon (167). This is growing a bit. Hope on the horizon???|
|Back On Market (98). This represents 10% of the # of closings. Let’s keep an eye on this?|
|Price Increase (196)|
|Price Decrease (149)|
|Pending (1178) The constant trend of under contract listings dwarfing the number of new listings is ominous. This is where the change needs to start!|
|Closed (917) Although buyers and sellers are getting to closing, a fair amount are left behind and back on the market. Inspections, Financing, Back up Offers?|
In spite of this low supply, competing buyers and in the face of recently increasing interest rates, Dee and I have been able to assist two households with the ability to move up with successful sales on both ends and smiling faces in the last month.
It’s a good life in spite of what’s happening around us each and every day. Let’s all take a minute and commit a random act of kindness today, because Tuesday is Terrific, and let’s reflect on the things for which we are grateful.
In closing, if you’ve been contemplating a move up, let’s do it! If you’ve been contemplating pricing down or moving to smaller accommodations, let’s do it! If you’ve been thinking about building a new home, let’s do it. What about an investment in an OZ (Opportunity Zone), let’s do it! If you’ve been considering moving grandparents to the metro area to be closer, let’s do it! We do it…
For all these reasons and more, we are here to help from soup to nuts (Did you know that was a full course dinner in the 1800s?). Or as Dee likes to say, “Every step of the way”…tc