Monday, January 07, 2008

2008 is starting out strong!

Showings on listings have increased over December by about 25%. Calls from signs and email inquiries have also increased by over 40%. A good sign that buyers are returning to the market.

Another trend I have been watching in our MLS, is the amount of houses going under contract in a given 24 hour period vs. new listings that are coming on the market. For the last 3-4 months, the vast majority of days have had more new listings than ones sold. In January, 5 of the last 7 days have had more sold than new listings.

I will keep you posted as our market is always changing.

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