During the 14th week of social distancing we had a total of 3,093 listings available on the market, and increase of 3% compared to the previous week. The amount of new listings went down slightly by about 2% with 845 new listings to hi the market last week. We also had 1,020 listings go pending last week which is the most that we've seen all year. That is an increase of 12% compared to the week before. Once again we're seeing a strong seller's market as 33% of the market did get absorbed through pending listings last week. For sellers out there, keep in mind that although the market is strong there are definitely still pitfalls along the way. We are seeing more appraisal issues as well as buyers getting cold feet and getting caught up in the multiple offer situations. For buyers out there it certainly is frustrating. We are happy to chat with you to go over specific strategies on how to get your offer accepted! Contact us here!
