Here are the stats from last week for comparison to this week.
Is the summer “slow down” beginning? Active listings are relatively flat; up 1% vs last week. Houses having an accepted offer are down 4% vs last week…the slowdown working itself through the system. Listings with contracts pending are up a marginal 3%. Solds are down 33% (off a low base) vs. last week and taken-off-the-market listings are down 30% vs. the prior week (again, off a low base), possibly indicating sellers don’t want to be bothered for the summer.
Same as last week, all the metrics we look at week to week have reversed. Everything that was down last week is up this week and everything that was up is down.
I’ve been reporting these numbers every week since January. I think next week, I will try and do a mid-year review of each town so we can see how everyone did in the spring market. Stay tuned!
(please click on chart to make it larger if needed)