Although the number of sales slipped 1.2% from
prior year levels, the mild winter weather brought
an unexpected surge in first quarter pending
sales. There were 5,209 signed contracts
outstanding in the first quarter, 21.2% more
than 4,297 in the prior year quarter. The unusual
amount of pending sales activity this quarter may
temper the levels of the second quarter, typically
a high water mark for sales activity each year.
Listing inventory slipped 4.1% to 20,358, the
lowest first quarter total in six years…