Sales were up 40% from last May, with single family home sales increasing 38%. While inventory is down 12% from last year, total sales are up 23%. There is high demand and a shortage of housing listings on the market, with 44% of current listings already under contract. The housing market remains very strong.

1. Kearney Realty Co/ Metro Brokers
Copyright 2012 Neil Kearney, Kearney Realty Co.

2. Sales were up 40%
from last May
Copyright 2012 Neil Kearney, Kearney Realty Co.

3. Single Family
sales were up
38% from last
May
Copyright 2012 Neil Kearney, Kearney Realty Co.

4. Inventory is down
12% compared to
last year but sales
are up 23%. There
is a shortage of
listings.
Copyright 2012 Neil Kearney, Kearney Realty Co.

5. 44% of listings on the
market are under
contract.
Copyright 2012 Neil Kearney, Kearney Realty Co.

6. The number of
homes going under
contract on a weekly
basis remains very
strong.
Copyright 2012 Neil Kearney, Kearney Realty Co.

7. Total sales are up
approximately 23%
from last year.
Copyright 2012 Neil Kearney, Kearney Realty Co.

8. Even as the market
improves there are
fewer listings going
on the market.
Copyright 2012 Neil Kearney, Kearney Realty Co.

9. My View of the Market
 The market is very strong. Multiple offers are not
uncommon.
 Sales are up 23% compared to last year.
 Interest rates continue to be low and buyers are taking
advantage of the great time to buy.
 There is positive pressure on prices in some market
segments.
Copyright 2012 Neil Kearney, Kearney Realty Co.

10. Copyright 2012 Neil Kearney, Kearney Realty Co.