The past week has seen an improvement in new listings, although they’re still down 5%.
Compared to the 3-year average,
- Sales are up 23% (last week 24%)
- New listings are down 5% (last week 9%)
- 30-day median price is up $13,000(+3.2%)
- Inventory is down 16%
With sales up 24%, and inventory down by 16%, you know there’s going to be a shortage of attractive listings. That may be why 11 of yesterday’s sales were sold, or had an offer, within 7 days of being listed. That number is most likely even higher because we don’t see all the pending listings.