A reader asked if people were still putting their houses up for sale or waiting out the current market. Good question, so I pulled some statistics. To my surprise, we seem to be adding new listings even faster than we did before. For instance, this month saw 104 new single family listings, compared to just 75 in 2007. For the year so far, 275 new listings, compared to 204 in 2007.
What we aren’t duplicating is the speed with which houses are moving off the market, so our inventory is soaring: 650 houses now, vs. 552 in ’07 and just 443 in ’06.