The instability in the housing market finally has made area 705 owners squeamish enough to stay put. Look at that end-of-summer dive in the number of single-family homes put on the market in August: Down 12 to 15 percent from late-spring/early-summer figures.
The condo figures continue to rise, though, which I attribute to newly built units put on the market. After all, a development company doesn’t have the option of living in the place (employee housing perk, anyone?).
|New Listings||August 07||1 month ago||change||4 months ago||change||Year ago||change|
Fewer properties new to the market will help chip away at the still-rising backlog of active listings in area 705. But a decrease in supply is going to keep upward pressure on prices. It’s not so clear cut that the buyer’s market folks are talking about is here.
|Active Listings||August 07||1 month ago||change||4 months ago||change||Year ago||change|
Note: All information from sources deemed reliable but not guaranteed.