Our listing inventory is at 8 months. That’s up from July’s 7.3, but look at our pending sales! Pending sales rose to 24.9% compared to a year ago. (Our inventory includes all those pending sales.) Year to date our pending sales average is up 10.9%. Closed sales increased 11.1% while new listing dropped 21.4%. Average Market Time (how long it takes to sell a house) for August was 158 days, year to date is 162 days.
There are more stats available, but I don’t want to boggle you with all the numbers. If you have questions, just post a comment and I’ll respond as quickly as I can.
These residential statistics are based on monthly figures reported by RMLS™ of which I am a member.