Last week, 81 new properties came to market, a significant uptick from the week prior, indicating consumer confidence and that we may have seen the bottom of our new inventory curve.
There was also a significant increase in price changes, indicating sellers getting more realistic and wanting to sell; this is promising also a promising indicator for consumer confidence.
56 properties went under contract, creating a 69% sell-through rate, just 7-9% less than 2019 and 2018 for the same week. So, our under contract rate is again holding pretty steady.
Given that we've just had the showing moratorium lifted on vacant properties, let's be attentive to how many under contracts we have next week.