10/08/07 to 10/14/07 MLS DATA
Pending Sales: 4174 (+234 from last week)
Pending Sales + Active With Contingency 4642 (+252 from last Week)
Sold 10/08/07 through 10/14/07 528 (-17 from last week)
Active Listings: 57542 (+330 from last week)
Okay, a quick take on the numbers. It is encouraging that after pending sales flagged last month, that we are seeing a few weeks of steady increase. It certainly could be a false start, but we will have to see. That is a fairly strong number, given the time of year and the trend through the summer. The amount of sales is low, but middle months are typically lower. There are once again too many listings going on the market, as they climbed by several hundred. That is as big a problem as any. Still, more pending sales means more sales in the short term, and if we can get that number to continue to grow for the next month, we might start talking about this as a return to a stabilized if still over-supplied housing market.
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