The good news is we are way ahead of last year, the bad news is we are not going to match the Q1 2010 numbers. In the last 2 weeks we have only added 2 new deals to this quarter and closed 5 pending deals. The buyer traffic has been very slow over the last 30 days. This is somewhat typical as people are waiting for summer at this point. Our inventory of homes for sale has shot up over the last several weeks to 206 homes and I still expect it to continue on up to around 230. We do have people shopping this market, but as a client of mine told me over the weekend " there is almost too much to see, it is hard to make a decision".
The summer season is coming fast and soon we will be in the busy season. With interest rates continuing to stay below 5% and the economy in slow recovery we are hopeful that this summer will prove to be good for all of us.
Tuesday, June 1, 2010
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