There were 257 new listings today, and 114 sales, for a sell/list of 44.36%. Inventory was 11,746, while over 90s were 2,692 (22.92%).
Friday was a monster bear day: 310 new listings and 94 sales, for a sell/list of 30.32%.
These numbers are getting so scary that I’m going to take a break for a while. I’ll try to post Wednesday and Thursday, but I might not be able to do so. After that I’m gone for the balance of this week and next week (veterans of this blog will remember I did the same thing last year).
Meanwhile, I noticed two interesting things in the Post over the weekend. A traditional pro and con of buying versus renting really didn’t have anyone promoting buying too strenuosly, but did have Sam Kolias, of Boardwalk Properties and Derek Lobo, of DALA Inc., praising the advantages of renting. Interstingly, Kolias pointed out that buying cost about 150% of renting 10 years ago, and today it costs…about 150% of renting. The problem is that both renting and buying are much more expensive. He has some other good observations.
And Jacqueline Thorpe had something that I’m sure will be of interest to Coco: in Saturday’s “Jobs machine keeps on chugging” she quotes Marc Chandler, who says the worst of the credit crunch is behind us. Look for more statements to this effect (imho).