Market Report through August 2017
…a 41.7% increase over August of 2016 and slightly above average for this time of year. Inventory: There were 257 house listings in New Canaan at the beginning of…
…a 41.7% increase over August of 2016 and slightly above average for this time of year. Inventory: There were 257 house listings in New Canaan at the beginning of…
…here, right now. First, here is a chart of the amount of inventory in Wilton over the last five years. With the exception of spikes in the beginning of 2012…
…peers, access to inventory, knowledge of the local market, or creativity in marketing? While all these factors are important, the true mark of a top broker lies in their ability…
November House Sales Look Okay but Condo Sales are Lagging Nothing Surprising Here. Condo Sales Have Returned to the “New Normal” after a Frothy 2014 Inventory Levels are…
…of sales thru the first 11 months of 2015, when looking at house and condo sales combined, is still the second highest total in the last 7 years. Inventory: Inventory…
…getting more realistic about pricing their houses or buyers are responding to the thinner inventory and coming up to meet them. Sold to list price ratio is holding steady at…
…in October was slightly lower then October of 2014, it’s still the second most closings in this month in New Canaan since 2003. New Canaan Inventory: The 284 active New…
…– 242 closings is down from last year, but above average for the last five. – the Condo market was strong and will stay strong with too little inventory to…
…Americans sitting tight with their low-interest mortgages. As a consequence there is a record-low level of real estate inventory available, and record-low levels of new mortgages and refinancing activity. Banks…
…are scratching their heads and beginning to lower prices in response to a relatively high absorption rate of 11 months (vs. 9 last year) and inventory of 240 houses (vs….
…year, 5.64% average and 7.14% median drop. And, although not shown on this report, the Absorption rate shows we are down to 12 months of inventory, down from 14.4 months….
…mortgage. As a consequence there is a record-low level of real estate inventory available, and a record-low levels of new mortgages. Banks are making less on each mortgage. What will…
…The reset will inevitably help move some unsold inventory. Debt. We have the highest debt of any town in this area (although our pension funds are 100% funded). This debt…
…change? 4. Negotiability. We are all starved for inventory and its made for a strong seller’s market and record-price appreciation in luxury markets. Are we seeing the first cracks in…
…Inventory Will Be the Housing Market’s Next Problem [Bloomberg] Can China’s depressed mortgage rates bring homebuyers back to the market? [SCMP] Douglas Elliman Realty Plans Expansion to Metro DC [The…
…in the country? Greg tells me that they’ve been short of inventory for the last 30 years, something that most of the rest of us have been experiencing for the…
…The biggest reason seems to be lack of real estate inventory in a market with strong job growth and continued strong job prospects. Boston may have experienced many of the…