|April 2013||April 2012|
|Wk 1||Wk 2||Wk 3||Wk 4|
|Sales to New Listings|
|Months of Inventory|
Relatively strong week for sales. This is the first sign of life in the spring market, we are now pretty much bang on the sales pace of last year (265 at this point in the month). As the year progresses we will see fewer big YoY declines in sales because we are hitting months that were already starting to slow last year.
When the mortgage restrictions were introduced last July, some lenders predicted that they would take 8-9 months to work through the market, so some of the increase in sales might be due to some of the effects of the mortgage restrictions wearing off. Too early to tell.