A week into the new year finds single family home (SFH) sales trailing slightly behind last year’s level with 95. The average sales for the first week of January for the previous 10 years was 123.7
Inventory is on par with last year: there were 2,842 active listings yesterday compared to 2829 on January 7, 2011.
Condo sales have jumped ahead of 2011’s pace with 44 sales, just 1 sale short of the average sales between 2002-2011. There are also fewer listings with inventory down -9% y/y. (2011: 1,496 active listings, 2012: 1,360 active listings)