The third quarter of 2015 has ticked its last tock with the hands pointing firmly One-Year Change in upon a reliable clock of a market. Although noon and 6:30 fluctuations are present even within the same states and cities, the overall tempo of real estate potential is experiencing a healthy number of good omens. The job market has shown continual improvement, jobless rates are down, real average hourly and weekly earnings have been up and there has been good news in new household formation.
New Listings were down 21.7 percent for single family homes but increased 1.3 percent for Condo/TIC/Coop properties. Pending Sales decreased 8.9 percent for single family homes and 18.7 percent for Condo/TIC/Coop properties.