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The IOP Market... today. 

Off to a great start!  If the 4th Quarter was 'tepid' then the first month of 2019 has come out the gates pretty strong. While the Sold Listings may be off in January, Pending Sales are up 22% over this time last month.

 Is this a sign of the market losing steam or just  your typical seasonal trends?  The spring market will be the harbinger and I'll be paying close attention to the Months Supply Inventory curve which has leveled off  and even trending slightly longer now after a steady decline in the 'months supply' since 2009.  We've seen some new speculative builds go under contract with eye-popping numbers so the demand seems to be strong on the Island right now.

Get ahead of the game. We're taking new listings right now and getting them ready for an early spring release. If you haven't already done your spring cleaning, ask me to send you our Pre-Listing Checklist to get ready for the Spring market. If you've done that already, let's get your home under listing agreement so we can start working on media and marketing to hit the ground running and beat the historical influx of new listings in March.  For Buyers, new inventory is hitting the market and moving quickly. Be ready to pounce on a good deal when you see one.

52

New Listings

↑  57.6% 

$774,500

Med. Sale Price

↑ 8.3 % y-y

8

Sold Listings

↓ 69.2% m-m

102

Days on Market

↓ 25% y-y

What's My Home Worth Now?

The market is constantly changing based on available inventory, recent sales, interest rates, time of year and many other factors.

Check My Home Value

Inventory

Also known as the Absorption Rate, this is the measure of how many months it would take for ALL active listings to sell at the current rate of pending sales, assuming no new listings are added. The National Association of Realtors advises that six (6) months is a 'balanced' market. Of course, all real estate is local so check with us first to gain a better understanding of what's normal in your particular area of interest.

Showing Activity

Another good measure of Buyer interest is the average number of showings per listing per month. Use this chart to time your home search or sale before the rush.

Buying with Confidence

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