Last week's data was super positive.
We had 144 listings come to market, compared to 119 during the same window in 2019. Was this a pent-up surge or will this rate of listings continue? Let's keep track of where inventory is heading week by week.
82 properties went under contract during the last week, giving us a 75% sell-through rate. The same week in 2019 had a 91% sell-through rate; that gap is getting smaller.
To note, on Monday May 11th, 38 properties newly registered as under-contract, which suggests that the sell-through rate this coming week will look extremely strong.