Just about what you would expect in real estate activity for the week before Christmas – very slow. Our inventory continues its slow downward trend, a very good thing, with the total at 510, down 8 from last week, with 179 homes and 331 lots listed for sale in the MLS.
With no new sales or contracts, the only activity at all was with price changes, a total of 17 with an average reduction of 11%. It’ll be interesting to see if any of these price changes induce buyers to add some real estate to their investment portfolios in time for year-end tax purposes.
This week I’ll be taking a look back at the year as a whole and in next Saturday’s post we’ll see how 2007 stacked up against 2006, and if we can forecast any trends for the new year.