Very interesting trending in the market, Note: Absorption Rate went from 150 days at the end of February to 177 days at the end of March. Absorption Rate should be going down this time of year, not up.
Note: Single family sales down 16% for the first quarter compared to first quarter last year; attached unit sales down 11%; combined market down 14.5%. Note: 939 active single family homes at end of March last year; 960 this March.
Did the market peak?