Wednesday, May 31, 2017

Pending Home Sales

And I remember how we'd play
Simply waste the day away

Found the timing of this piece curious as I've noticed anecdotal evidence of pending home sales declines in my neighborhood. In fact, several properties that were listed as pending almost as soon as they were posted are now back on the market.

Article suggests limited supply and associated higher prices as key factor in pending sales decline. Perhaps, but I'm now seeing properties listed at prices that would have been lifted by buyers a few months ago now sitting there.

Small sample of higher end market to be sure, but has caught my attention nonetheless.

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