Market Summary for the Beginning of July
Starting with the basic ARMLS numbers for July 1, 2018 and comparing them with July 1, 2017 for all areas & types: Active Listings (excluding UCB): 16,101 versus 18,087 last year - down 11.0% - but up 0.5% from 16,018 last month Active Listings (including UCB): 20,464 versus 22,301 last year - down 8.2% - and down 1.7% compared with 20,809 last month Pending Listings: 6,092 versus 6,486 last year - down 6.1% - and down 7.8% from 6,608 last month Under Contract Listings (inclu
Cost of Waiting to Buy Means Less Closet Space or Higher Payment
For Buyers: Hearing cries for more affordable housing supply, developers have sold more new homes in the low $200’s this year; selling 35% more than they did last year within the same time frame. However, the under $200,000 market remains neglected for additional supply. As of May 2018, only 6% of new homes sold were under $200,000, 37% were between $200,000 and $300,000 and 41% were between $300,000 and $500,000. This means that properties under $200,000 will continue to ap
