Data courtesy of Ann Cummings & Jim Lee
Closed sales decreased by 25%, reflecting some seasonal market adjustments. However, pending sales surged by an impressive 150%, signaling a robust close to the year. The month’s inventory supply increased by 14%, yet it remains significantly below the six-month benchmark, which indicates a balanced market. This suggests that while conditions are moderating, the market still leans in favor of sellers, a trend we’ve seen persist over the past few years.
Looking ahead to 2025 and beyond? Check out our latest blog post for insights into projected interest rate trends for 2025 and our analysis of what the upcoming market dynamics might hold. https://bit.ly/4fxvdEJ
