July 4th Impact on the Market?
These 3 charts show week by week activity for the past 6 months through July 11th . Obviously, the first two weeks of July were impacted by the 4th of July holiday slowdown, but it is interesting that a fair amount of inventory is coming on market – perhaps that is simply a reflection of agents holding listings until the holiday week was over. It does seem that opportunities for buyers must be increasing. The activity charts for the last 3 weeks of July will be interesting to see. Last year business didn’t really slow down during the summer, but perhaps this summer will be more typical?
Listings Accepting Offers, by week, through July 11.
New Listings Coming on Market, by week, through July 11
Percent of Listings Going Under Contract, week by week, through July 11