Real estate is cyclical. Every year we seem to have a bit of a spike in activity in the summer months beginning in April and lasting until the end of June. It seems like that little summer spike has been a bit delayed this year as we still hover at the balanced market point into the early days of July. I don’t know about you but I certainly turned my AC on earlier this year than I remember in the past. Could it be that the Valley cooled off in the real estate world as we began to heat up outdoors? Possibly. Stay tuned for Fall 2014…the spike has yet to arrive.
| New Listings | Active Listings | Sold Listings | Months Inventory | |
|---|---|---|---|---|
| Jun/2014 | 8,788 | 28,095 | 7,261 | 3.87 |
| May/2014 | 10,053 | 28,692 | 7,507 | 3.82 |
| Apr/2014 | 10,305 | 29,265 | 7,643 | 3.83 |
| Mar/2014 | 10,863 | 29,448 | 6,696 | 4.40 |
| Feb/2014 | 9,908 | 28,857 | 5,499 | 5.25 |