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Sales continue to improve as we move into the selling season. Once again we topped the 1,000 home sales mark, with 1,023 homes selling over the past week. This is exciting to see. We, The Cameron Team, put 4 homes under contract over the past 11 days. It feels good to have the market picking up. We are also seeing increased showings at our listings.
Inventory levels are up 7% since the beginning of the year. That may sound high, but when you consider over the same period in 2007 and 2006, inventory levels jumped 16% and 47% respectively. With those facts in mind, growth in inventory of 7% is pretty low. This is the selling season and those who want to sell are on the market.
Another statistic I watch is months of inventory based on Pending sales. At the beginning of the year this reached a high of 14.6 months, today that number has dropped to 8.2 months. I look forward to it dropping below 6 months.
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