Quote:
Originally Posted by margaretmattson
On MLS and VLS combined, there were 982 preowned homes for sale. 92 of them sold this week. I am certain that percentage makes the owners of the 890 NOT SOLD thrilled! The number sold will easily be replaced by new preowned homes in a few days. Are you seeing great numbers here? Or, are you just interested in keeping tally of the Developer's good fortune?
|
So almost 10% of the resale inventory (now of which were owned by the developer) closed last WEEK. That means it is a10 week rolling inventory average, which is considered very healthy in the real estate business.
People need to stop trying to turn facts into negative made-up commentary.