Thursday, April 18, 2019

Under Contract Up!!

The growth in listings under contract has been quite remarkable over the past few weeks.
under-contract-weekly.jpg
We can see that we started the year a long way behind 2018 but last Saturday we had caught up.
As of today we can see 13,215 listings under contract - and on April 17, 2018 there were 13,070.
That is probably worth repeating - we now have MORE listings under contract than we did at this time last year.
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Looking at the above 'observation' is encouraging. However, the immediate question that comes to mind is whether this upswing in Under Contract activity holds in the luxury sector $800K plus. 
Happily it does...showing the same steep rise in activity netting about a 1% year-over-year improvement evidenced in the graph below. And actually the same holds true in the $2M -$3M and even $3M plus sectors.
under contract hi-end.jpg
So...some good news to start your Thursday!

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