These charts track activity by week for the past 6 months through January 16, 2011 for SFDs, Condos, TICs & 2-4 Unit Buildings. The market is starting to wake up after the holidays.
New Listings: Starting to accelerate after the big slow-down of late December.
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Listings For Sale: Increasing slowly but still very low by general standards.
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Listings Accepting Offers: Accelerating as the market warms up.
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Percentage of Listings Accepting Offers: On a percentage basis, we’re back up over 5% (per week), which is among the highest percentages of the past 6 months. Of course, this is a function of both buyer demand (increasing) and inventory available (increasing, but still very low).
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Interest Rate Chart from Bankrate.com: rates have significantly climbed from their 40-year lows, but at under 5% are still very low by historical standards.
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