SFR Under Contract Now Over 6000

May 29, 2008

Today, the number of SFR homes under contract in either Pending or Contingent status rose above 6000 for the first time in….well…we don’t have records going back that long for this particular statistic. Suffice to say it has been a LONG time.

As a measure of the trend strength, note that just 3 weeks ago, this statistic was at only 5400. Also note that in that same 3 week period, 1236 single family residences closed (sold).