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A Broken Record

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Is anyone else getting bored of hearing me say the same thing over and over and over again? I’d never admit that I’m bored of my own rambling (I am though), but it’s not my fault that once again the statistics for the past week reflect the same positive outlook for the market. In the areas East and West of State Street and Hope Ranch and in the price range from $400,000 – $1,700,000, there were 23 new properties that came on the market, 22 properties that went pending, and 18 properties that closed.  So if the same numbers pop up next week, then 96% of the new listings will have gone pending. That’s a big deal, and a far cry from where we’ve been for the past, oh…four or five years.

Last week I did a year-over-year comparison and didn’t give numbers for that week in the market. So let’s take a look and see what the two weeks’ numbers combined look like. In the same sectors – East and West of State Street and Hope Ranch in the price range of $400,000 – $1,700,000 – there were 50 new listings. Out of those 50 listings, 48 went pending and 28 properties closed.

 

Hmmmm… I’m no economist but there seems to be a trend of some sort happening. The local housing market may just be on the mend. There, I said it.

 So do yourself a favor. If you are thinking of getting into the market or are currently looking, then get out there this weekend and check out a few of these great deals. If the past few weeks are any indication, they will not be around for long. Happy house hunting!

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