Highlights for the week of September 27th, 2020
- New listings dropped below 100 for the first week in the past five. This week’s total was 92 – the highest single week tally since we started tracking earlier this year. Residential new listings year-to-date now total 2,807 compared to 2,667 in the same period last year.
- New contracts written topped 100 for the 11th consecutive week at 124, more than double the tally from last year (47) in the same week.
- Closings this week (65) dropped from our 90+ average for the previous month and tied exactly the same week last year. Since the first detected COVID case in March, we have now closed 6% more listings (1,480) than during the same period last year (1,395). Year to date we passed last year’s total by 123.
- The active listing count dropped again this week to another eight-year low mark this week at 1,364, 22 fewer listings than last week’s record. Noted above, new listings are hot, but Pending sales are hotter thus reducing available inventory. Tell your sellers it is time to list. We need new listings.