Originally Posted by
beacon
Thanks for the data update minimoke. Both - sales as well as time on market - vindicate my point that the market has held up well so far. Sales and Time on market are lagging indicators, listings are a leading indicator. Its safer driving looking in the windshield than in the rear view mirrors. Hence, my thesis that we may be looking at an upcoming market that while easier on first home buyers may be hard on M&D sellers, smaller investor vendors as well as renters. I see no investor buyer activity because of tight credit.