The first 4 months of the year were very quiet. Then it seemed people were coming out but not ready to buy. The last 3 weeks have been a completely different story. I put together 7 sales, 3 currently conditionally sold and 2 offers being negotiated right now.
I have been speaking with colleagues who have also noticed a pickup and the only explanation I have is a late spring market. New inventory has also been interesting to watch as it hasn't taken off as it usually does. Inventory as a whole is high but much of this product has been sitting for a very long time and will continue to do so.
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