Closed home sales have posted their sixth straight month of gains over the prior year. November put us at 8.3% over 2010 closed sales, pushing our year to date at 424 more sales than last year, a 9.4% increase. This trend should continue as pending sales posted a seventh straight month of double digit increase, sitting at 36.6% this October compared to last and YTD we are up 13.5%.
Inventory and new listings continue to decline. November new listings were down 6.6% and YTD we are down 13.8%. This has pushed our total inventory down 22.7% and our months supply of inventory is also down substantially to 7.5 months, a 29.9% decrease from last year at this same time.
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