Saturday, June 30, 2012

Way more sales than listings on the mls

The multiple listing service's 24 hour market watch reports WAY MORE sales than listings.  Perhaps that's because it's the end of the month and more transactions close then than at other times of the month.  Still, it's the first time I've seen this in years.  The cumulative backup offers and pendings are higher than listings, too. Here are the numbers for the last day:
New Listing (675)


Price Change (388)

Back On Market (480)

Backup Offer (381)

Expired (123)

Pending (494)

Sold (898)

If you're a seller, now may be the time to list your home.  If you're a buyer, it looks as though inventory will be short for the remainder of the summer.

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