Bob Hillery
CR Properties
For starters, the market activity indicator remains at 46. To refresh, 30 is the threshold from buyer’s market to neutral market and 48 is the threshold from neutral market to seller’s market so we’re in a neutral to slight seller’s market. And what are we seeing at ground level?
All of the listings in our office are getting showings; lots of showings and properties are going into escrow, and mostly they are closing, if the buyers are properly vetted. We are also seeing a slight increase in local inventory as well.
To make that point at our local marketing meeting where the area’s most active real estate professionals meet every Wednesday morning, this week we had five homes on caravan versus the nominal one (or zero) that we were accustomed to seein
