Pending sales in the last 24 hours = 483 at an average $410K. Same 24 hours last year = 482 at an average $409K. (So we’re still barely ahead, though the weather last year this time was a whole lot worse.) Current number of homes offered for sale = 2932.
The bottom line? Only 16% of homes available are actually in contract. Sellers currently have a less than 1 in 5 chance of selling their homes. This data is from the MLS and does not include non-MLS builder homes pending during the same period, so the chances of selling are actually probably worse.
