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It is cooling.
It has been bettet YoY since then, Noah.
It was better.
About the same
We had very little movement this year as compared to last year. Inventory is definately worse this year.
Inventory is down, prices are up, and there has been a significant drop in the days on market.
Very active market, prices up and inventory down.
I was just looking at it. We are at the lowest point for the past 15 months in Sacramento but what stands out is the big leap in pendings. If it continues on this trend into March, and it appears like it will, our pending numbers will exceed inventory.
Still low inventory, but a bit slower than last year. The price of oil affects us dramatically. It's still all good!
Low inventory, high demand, sales pending in days if not hours. Multiple bidding wars are common. Similar to last year, only probably hotter.
Prices up, inventory down, DOM down. Very competitive and increasingly so.
I am busier and inventory os lower.
Record setting sales volume matching and exceeding 2005.
But, that may not be the right image to fixate on.
Last evening I reviewed 20 homes I visited (for CIS Score purposes) and found 17 of 20 had been under contract that fell through and now back on the market. Although volume is high, it is not happening without great and persistent effort by the sales professionals involved.
Less inventory, very busy though, mosre bank owned listings and last year winter was so busy as it was warm we didnt have a spring market, there was no big oncrease it just stayed steady. This winter with 7 feet of snow some people have given up and are waiting out teh weather, i am hoping for a big spring surge in listings. BUT i am not waitong, every day i battle in the trenches to get as many listongs as i can.
This year has been worse than last year because of the snow every other day.
We set an office record for closed sales in January and the buyers are still out in force; many are waiting for new inventory to come on the market at the end of the month after Spring Break.
Anecdotally, from what I hear from realtors in my market, inventory is even lower than last year. Last year, it was very low and now worse.
The snow is still pretty bad here, but last year, it was slightly worse.
Hi Noah --- we should be prepared to answer this question as it is quite common. Overall, inventory is rising slightly but it most areas in my market remain an extreme sellers' market. The frenzy seems to be not quite as intense and many buyers seem to be hesitant about moving forward.
Homeowners who might be great candidates to move up or right-size are watching to see if appropriate properties are coming on the market for sale. They would rather not move twice(sell, rent, wait, buy) although that seems to be most successful during these challenging times.