Thank you for clearing that up Herr Chunkster. I sincerely apologize for constantly guessing wrong. I do see that on Realtor.com you have to select "hide pending/contingent" in order to get an accurate count of actives.
Thanks for bringing realtor.com to the discussion. At first blush, it looks like their tools are more robust than zillow or redfin.
Well I'm glad we got that sorted. 87 homes for sale in HPP is quite enough!
I think the contrast in the % of reductions is a combination of builders swinging for the fence and resellers having much less latitude and/or motivation to drop their prices.
What is fascinating, that realtor.com does is let you group all of the price reduced properties. The really interesting % is that nearly half of all of the 85 non foreclosure, active listings in HPP have recently reduced their price. Imagine that happening a year ago.
https://www.realtor.com/realestateandhom...hide/sby-7
With 13 closings in the last 30 days and 87 homes active on the market, that implies a 6.7 month supply of homes currently on the market in HPP. (87/13=6.7 months)
Crazy.
Thanks for bringing realtor.com to the discussion. At first blush, it looks like their tools are more robust than zillow or redfin.
Well I'm glad we got that sorted. 87 homes for sale in HPP is quite enough!
I think the contrast in the % of reductions is a combination of builders swinging for the fence and resellers having much less latitude and/or motivation to drop their prices.
What is fascinating, that realtor.com does is let you group all of the price reduced properties. The really interesting % is that nearly half of all of the 85 non foreclosure, active listings in HPP have recently reduced their price. Imagine that happening a year ago.
https://www.realtor.com/realestateandhom...hide/sby-7
With 13 closings in the last 30 days and 87 homes active on the market, that implies a 6.7 month supply of homes currently on the market in HPP. (87/13=6.7 months)
Crazy.