Weekly MLS STATISTICS Nov 26th- Dec 2
Pending Sales 3834 ( -361 from last week)
Pending + AWC 4286 ( -415 from last week)
CLOSED ESCROWS 1160 ( +597 from last week)
Active Listings 56449 ( -929 from last week)
This week only tells us a few things. This was an end of the year week, so the number of sales would be relatively high. They were higher than I expected which led to an excellent finish for November Sales of 3277. The amount of pendings is down, as is normal when a large amount of closings occur. The number of new AWC's shows a healthy number of new contracts. December is not expected to be a strong month for sales, but so far is shaping up just like November, which was really better than expected. Not exceptional, but getting better. Even better, there was a significant reduction in the amount of Active Listings, over 900 less. That shows that the tide of homes going on the market is lessening, and maybe just maybe that number can start coming down. If we see that number under 50,000 by the end of January, we can start talking about a recovery trend. It is still a little premature to talk about that yet.
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