And that is a lot of homes in contract.
Look at it this way;
if all 91 were to close in the next 30 days, and then it happened again next month and the month after, we’d run out of homes to sell in less than 6 months. But, but
69 of those 91 are priced from $0 to $599,999
and just 10 from $600,000 to $999,999
and just 12 from $1.0 and up
So the bottom of the market continues to kick butt, while the rest of it continues to get the $%&#$5# kicked out it.
for you number crunchers; 503 homes for sale in the foothills today,
-the bottom third represents 53% of the homes for sale
and 76% of those in contract
-the middle represents 24% of the homes for sale
and 11% of those in contract
-the top third represents 23% of the homes for sale
and 13% of the those in contract
So to make matters worse, according to these latest numbers, the middle is now doing as poorly as the top.
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