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    Welcome to the Collins Group Realty May 2012 Market Update


    Last Updated June 20, 2012


    Happy Summer!

    I’d like to start off with an IMPORTANT NOTE: After this issue, we will be merging the CGR Market Pulse into our monthly E-newsletter for a comprehensive once-a-month update to you from CGR. Hopefully this will be a well-received development, and we certainly seek your input/feedback.

    Here are my thoughts of where we stand in the market at this time:

    We continue to experience very positive trends in the marketplace overall. The number of new listings coming on the market is down 11-12%, while closed sales are up a whopping 27% compared to May of 2011!! (Repeat – 27%!) The resulting stats from these two developments along are extremely impressive: Inventory is down 18%, month’s supply of homes for sale is down nearly 30%, and the time required to sell is down nearly 4%!

    I think we are going to continue to see impressive statistics through the summer months. Buyers are seeing that they need to act more quickly when a great-deal hits the market, and sellers are encouraged by an increase in activity and offers throughout the marketplace.

    Here’s hoping things are great with you, and that you are having a terrific Summer so far!

    All my best, as always –

    Chip



     


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