Weekly Scorecard 6-7-10
Things appear to be marching along in this post tax credit real estate market. Inventory levels which were building in the last couple of months have peaked and held steady. Will probably decline in July if the traditional market cycles restore themselves. The closed sold homes peaked last week which would be expected given the last minute tax credit rush. Sale volumes have fallen to a lower level as indicated by the pending sales but the sales do appear to be steady. Prcing also looks to be steady there is no trend line up but also no real indication of the prices falling post tax credit. Seems like the low interest rates are keeping the market moving ahead in slow but steady manner.
The spreadsheet is here: Weekly scorecard 6-7-10