Weekly Scorecard 11-1-10

By George Thurtle

This will sound like a broken record but again this week a pretty high number of closed sales and a relatively low number of pending sales. At some point in time these numbers need to converge. Also inventories are declining as well as sales volumes. This is pretty normal for this time of year no matter what the market conditions. However if you are a buyer this time of year can be a pretty good time to buy. If the seller is motivated the reduced showing traffic and sales volumes can work in your favor. Also on bank owned properties there is a lot of motivation to book sales by the end of the year. After the year there is less motivation as they will do their asset review. Aged listings are the best opportunities with aged short sales and bank listings probably presenting the best value opportunities.

The spreadsheet is here: Weekly scorecard 11-1-10

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