The overall market valley-wide remains active with another peak in under contract properties . On Monday we had 352 residential properties under contract, an increase of approximately 25% from a year ago.
Residential closings in units are flat over last year, however, dollar volume is off by about $89m (or about 11.3%). With 25% more under contract than a year ago those numbers should balance out compared to 2015 once closings occur later in the 3rd quarter and start of the 4th.
Attached is a residential listings versus under contract graph to visually show you our supply and demand trends.