Supply Tight!

New listings were down by 20 from the previous week, 14 fewer than in 2019. Under contracts are down.

Under-contracts were down 21 from last week, up 8 from 2019. Under-contracts are

still 9% above where they were last year at this time, so super strong.

Price changes were down 24 from last week, down 41 from 2019. Super low! Sellers, this strategy is dicey, as you don't want to miss the selling season being overpriced. If you're overpriced by more than 5%, it is likely that your house will not sell without a price reduction.

As noted above, overall inventory is lower than ideal.

In the $0-500k, $500k-1mm, and $2-2.5mm ranges, the sell-through rates were fairly balanced.

$1.5-2mm range had a 1000% sell-through rate, with 1 new listing and 10 under-contracts.

We also saw strong activity in the $2.5mm+ range, with 4 new listings and 6 under-contracts.

Buyers, note the parts of the market that have a bit more inventory. For example, a

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