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The numbers are out for August. As seen in the chart to the left, the increase in inventory is changing its trend. It was headed down as it did last year, but due to the "mortgage crisis" sales have dropped off and new listings have been fairly constant, causing an up trend in the total listing number. See below.
This chart is a comparison of weekly sales over the past six years. It shows our sales are trending lower than over this period. This charts single family homes only. It is not a full representation of the market because many buyers have turned to condos or townhomes as alternatives.
I have been tracking the sales in McDowell Mountain Ranch over the past 5 months. This chart shows the number of ACTIVE listings, trending up and the number of pending homes trending down. Demonstrating that McDowell Mountain Ranch is following the valley trends as this mortgage crisis plays out.
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