Weekly Scorecard 9-6-10
I went to do the Weekly Scorecard and discovered I was a week behind. So here is the one for week of September 6th. Same trends continue with the gap between the listed and closed sales still pretty large but it appears to be narrowing. At some point in time they need to come into some sort of equalibrium. At that time will know what the true underlying market is without the artificial stimulius. However it does appear inventories have peaked and even in some areas starting to slightly trend down.
I will have more to say on overall market trends later in the week but it appears that reduced sales volumes are starting to force some downward pricing pressure.
The apreadsheet is here: Weekly scorecard 9-6-10