Looking at the pending sales numbers again today, I can totally see the CREB spin for April/May already:
"OMG, look at prices - they're going up, up, up!"
"Nevermind that sales numbers are down 25% from our worst year in a decade, and who cares about first time home buyers really? Prices up, up, up. Buy now, now, now!"
Seriously though, it's neat to see how sales have really slid since March 18. And interesting to statistically see the average/median prices go up with the marginal end of the price spectrum get cutoff with the amortization change.
It usually takes a month or so for pending to close and show as actual sales on average?
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