Monday Market Memo for the week ending May 5, 2008. These are the statistics for the Mat-Su MLS for this week.
Well we went over 800 for our total inventory for the first time since last summer. That was to be expected. I think we will stay above this number for the rest of the summer.
There were only 24 pendings this week which is less than I expected. This weekend has been very busy with a lot of showings. I expect this activity to turn into pendings this week. I was surprised at how many high end houses were shown over the weekend. People were writing offers on these $400K+ houses as well.
The sun is out, the real estate market is warming up.