🏡Despite the big week for sales, we still had more listings than sales this week. The new listings did drop over last week's # of new listings, but still outpacing the sales by a small amount. This continued increase will provide balance in the chaos of the marketplace, as long as we can keep the listing numbers > sales. 

🕐The pending deals are back up to levels we saw most of last year. This explains that buyers are able to get deals accepted with conditions (wow not every offer is a cash offer currently) and that the numbers for next week are already showing signs of strength from firm deals. If all the pending deals become firm we are almost at 20 deals already. 

🤔Multiple offers were close to 80% again this week. These numbers are off the chart compared to 2020 but it is a small pullback over last week.  

🏘I continue to think the market is shifting, and it feels that way. Now the next few months leading us into spring are going to be the indications of whether the market slows or if things continue to be chaotic. We had seen the # of total listings increase significantly over the last few weeks, but this week we levelled off. A healthy spring market would see 200+ listings on the market, and currently, we sit at 134. The biggest question that remains is, will the number of listings climb to 200, or shrink back down to 100? 

I hope you and your families are staying safe! For those who have shifted from a parent to an online teacher, I hope your patience is longer than mine. As for how our marketplace will transition into the spring selling season, it feels like we are at a crossroad in terms of what direction the marketplace will go; and the next few weeks will be very telling!