Monday, February 11, 2008
Inventory in January 2008 was down from December levels, but still much higher than January 2007. One interesting thing to note though - check out the pending sales. 1371 Pending sales is the highest level since March 2006! I will be curious to see when the February numbers come out next month what those levels look like, and if those pendings make the solds spike up. Median prices definitely have dropped since last year...MANY first time buyers are entering the market. Great time to buy. I would not recommend trying to sell right now unless you really need to. As always, if there are any specific areas or stats you wish to see, just shoot me an email and I am happy to forward them to you.