Heres a quick summary of whats happened over the last 30 days in - TopicsExpress

Heres a quick summary of whats happened over the last 30 days in our local real estate market. These numbers cover the entire county and it is very possible that certain sub-markets could be stronger or weaker. It is very important to know the numbers for those markets before making an offer. These figures cover detached homes only. There are now 3,996 detached homes available for sale on the market, a much smaller number than we have seen in past years but still lower than the 4,217 that were on the market last month. 1,147 homes went into new escrows vs 1,342 a month ago. This gives us a current 3.48 month supply of inventory which is still considered a sellers market. To compare, the month prior we had 3.14 months of supply. 1,294 homes closed escrow over the last 30 days vs. 1,549 a month ago and 1,902 a year ago. We are still seeing many multiple offer situations as people compete for a limited supply of homes while interest rates are still low historically but there are still often 2-3 families trying to get the same home instead of 5-7. Heres a link to our full report for more details: rereport/sdc/print/SDCNCCRick&RickiUngar.pdf Let me know if you have any questions!

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