Saturday, May 19, 2007

May 19 Week Ending Stats

Overall, SFH MLS listings rose only slightly this past week. Only homes with asking prices less than $300k or more than $700k had an increase in listings. Between $300k and $700k there are fewer listings on MLS this week.

Inventory of homes with asking prices of more than $700k continues to skyrocket. 36.6% of all SFH listings on MLS are in that price range. On the million dollar home front, there are 7 more listings on MLS this week, bringing the total to 184.

Listings of condos and townhomes appear to be flat over the past couple of weeks.

Side notes:
- Through an email service of a local realtor, I received a newsletter this week where the top article was on the "Secrets to making a lowball offer". I had a good snicker.
- How did you like the usual full page ad today in the TC for Tuscany Village? "Priced well below appraised value."