Thursday, May 29, 2008

Pending Sales are Up


We missed an office meeting this week because of the long holiday weekend but Nina, our manager, sent this week's statistics to us in an email. The big news is that pending sales in Sunnyvale are way up this week. On the week of the 19th, there were 174 active listings and 22 pending. This past week, there were 160 active, and 32 pending sales. Our area still leads the county in sales to listings, but we are finding that the local market is uneven, and buyers are taking their time...some properties that would have sold quickly a couple of months ago are seeing price reductions. I'll keep watching and reporting.

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