A graphical look at things as they stand at the cusp between spring and summer in the Valley...
The extremely anemic 'Active Listing' story continues...
Days inventory is a consequence reflected here:
Another consequence is average Sales Prices are now over asking price:
And pretty much everything is selling:
Pendings are of slightly month-over-month, but up year of year:
Naturally, demand outpacing supply translates to higher prices - annual appreciation now approaching 20% -
Keep in mind this is the broad brush:
And there you have it.
We'll be paying special attention to the seasonal shift that we're just now seeing some evidence of in that slight month-over-month decrease in Pending Sales.
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