“It would be so nice if something would make sense for a change.” –Alice, Alice in Wonderland

Ahhh…but it makes sense when you look at the data. Volatility is the norm and list prices lead transaction prices by several months. Those things are constant.

Since a peak in early July, we’ve seen week over week cooling of the housing market. The spring price and inventory bumps are over and we’re settling in for a long, cold winter.

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