Inventory Update [Analyze This]

by Osman Parvez
A quick look at inventory, updated through today,  April 20th 2015.  

Inventory continues to creep mildly upward.    182 houses and 157 condos and town homes are listed for sale. 

As of this morning, 108 attached dwellings are under contract.  48 are available.  This ratio will change as final negotiations take place for last week's new listings and agents update the MLS listing status.

As an odd coincidence, 108 houses are also under contract.   74 houses are available.   Keep in mind "under contract" includes "active/backup" and "pending" status on the MLS. 

Our take?   The market is not slowing.  It's becoming more active. 

26 listings closed last week, the majority for a premium.   Analysis tomorrow. 

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.