Welcome to May!

April is over.  Here’s the numbers as of today.

As you can see, the number of units sold grew compared to March (and the rest of the first quarter).  While that’s good too see and somewhat expected in a spring market, the numbers are down from last year.  Not a significant drop, but down.  The number of new listings is also down though.  The current active inventory is about 3976 units with average sales of 425 units per month, making the absorption rate about 9 months of inventory. 

Compared to some parts of the country that’s seems pretty good and is lower than most.  In some states, I’ve seen as much as 36 months and an astounding 17 YEARS thrown about.  Now, that’s a SLOW market.

I’ll give a further break down of the area throughout the month.

If you have any questions or your interested in starting your search., call or email me.  Of course, you can always SEARCH HERE.