It was another week of increased number of homes and for condos for sale.
As has been the trend for three weeks now, we currently have over double the inventory we had at this same time in 2018, yet we are seeing less pended properties each week when comparing that metric to 2018 also. With double the inventory, and slightly less demand, we are managing to have a less competitive real estate market this Spring than we have seen in the last 4 years.
It is nice to note that the balance of new listings and old listings has continued to show signs of a healthier market. Less than 3 months ago, over half of the number of available homes and condos for sale had been on the market for over 60 days (the Crusty Rusty), and each week it has slowly lost that stronghold, and this week the Crusty Rusty listings are less than 25% of the total properties for sale.