Here’s the mid-month market check…
Through yesterday we’ve had 275 pending sales on the Central Coast. If the second half of the month has the same amount of activity, we’ll end up with about 10% fewer pending sales than we did last month. Still too early to predict but I would say that we probably won’t continue the upward trend in market activity that we’ve seen since the first of the year.
Of the 168 pendings thus far in SLO County, 28 are REOs and 10 Short Sales. In Santa Maria/Orcutt, of the 107 pendings, 48 are REOs and 15 Short Sales.
I do sense that things have slowed down recently and other Realtors I’ve talked to agree. Hopefully, things will pick up in the second half of the month.