15                     21

INTEREST RATES LOW, SEPT. 19TH FED MEETING MAY LOWER, FUELING BUYERS AND REFI'S, LISTINGS UP 26, PENDINGS UP BY 13, CLOSINGS DOWN  25, HOME INVENTORY LOW, UPPER PRICE SEGMANTS QUIET. Still a strong sellers market but making pricing corrections as season slows. Currently 768 active homes which is still below 2018 and 436 pending. 81 New listings for the week compared to 55 in 2018, 16 homes went pending first week, 56% of new listings are asking over $190.00 a sqft. 36% in 2018, 54% are asking over $300,000 which was 53% in 2018. 62 pending home sales for the week, 49 in 2018, 42 closed sales for the week, 25 less than 2018, 42% of homes sold for $190.00 a sqft. 28% in 2018,  31% sold for over $300,000 compared to 33% in 2018.  Conventional loans dominated again with 43% of buyers and 21% were all cash transactions, 9 FHA, 3 VA and 2 USDA.  52% of buyers received some sort of seller credit for repairs or closing costs and the same listing agent represented both buyer and seller in 2 transactions.  Of the closed sales for the week 36% of sellers got list price, 31% took less than list and 26% of homes got over list. Closed sales up and averaged $334,793 with an increase in average list price to $190.26 sqft. and sold $187.44 sqft. with a consistent 96 days on market. Interesting 21 escrows failed last week, major cause is buyers meeting loan qualifications.