News Article From: 07-12-2006
New Listings Information
Since listings have grown to an unprecedented level and the rate of growth is continuing to be substantial, we have chosen to explore the listing situation further. This article is intended to provide you a broader perspective on today’s listing trends.
Historical Perspective
The chart below says it all: NEW Listings have been above the norm for the last ten months. New listings data counts listings that are new to the market within the past month and does not include listings that have continued on the market past the month they were listed in.
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Recent Trends
The rapid climb of new listings started in mid-2005, and the rate since then exceeds any previous numbers, and continues to grow.
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Commentary
This out of the ordinary expanded inventory is much of the driver behind the current market situation. |