For the week ending May 23, there were 1,103 pending sales, which
was down slightly from the week prior due to the Memorial Day
weekend holiday. Despite the low-cal dip, the mark is still 27.2 percent
higher than last year at this time. Of the week's sales, 43.2 percent
were lender-mediated foreclosures and short sales. In week-by-week,
year-over-year comparisons, sales are expected to be higher than last
year for the remainder of the year. Contact me
Heavy sales and soft growth in new listings equate to no growth in the
supply of homes for sale this spring—the time of year that typically
shows the largest increases. There are currently 26,453 active listings,
lagging 19.6 percent behind this time in 2008. Full Report Here
This week's edition of the MAAR Weekly Market Activity Report
features a new Supply-Demand Ratio for June 2009 of 5.04, which
means that there will be 5.04 houses per buyer during the month. This
is an astounding 33.4 percent drop compared to June 2008.
Any help you need buying or selling, please drop me an email!
Or call me at 612-308-4708
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