Where Are We At Just Before Turkey Day?

In our sweet Awesometown and surrounding communities, on this Tuesday before Thanksgiving day, 2017 we have 484 active listings. Yep, 484. In escrow...480. Sold in the last 30 days? 304. See? I tell ya, hovering around that 300 mark.

Now, in 2016...thought you might be interested...same time....we had 618 active listings, 588 escrows, and sold about 300 in that 30 day period.

Squeaked back to 2015 for ya as well....same time period....580 active listings. 560 in contract. Interestingly, only 248 closed in that 30 day prior window.

I started helping people in & out of homes in 2002, yep, 15 years ago. Our inventory then was about 1000 active listings every month. A few years later the market crashed...and it feels like we've been struggling with inventory since then...even though we have sellers with equity..finally!

What do I think will change the inventory? It's surely a catch-22 situation. Sellers with equity need to find replacement properties, we don't have a lot. We need more new construction, without special assessments would really be nice (aka Mello-Roos).

I have helped quite a few that are retiring in the last couple years....moving out of the area...so that's helped. But, that's only about 10% of my business.

So, current + a couple years history, mixed in with a bit of opinion.

Wishing you all a very Happy Thanksgiving and Who Wants To Sell Their House?