April 2013 stats are out in RMLS showing the trend of number of sales is still booming along. There's plenty of inventory to purchase with no short supply and buyers are snatching up homes and cabins. This past month saw a splurge of new inventory hitting the market increasing the number available by nearly a third. Of the sales which closed last month the marketing time hit 282 days. Inventory that has been on the market a while is finally clearing out. May looks to be a continuation of the trends we are seeing.
RMLS reported a total of nine sales for April but two more have since been added to RMLS totaling eleven sales. Three of this month's sales were foreclosures and one short sale. Foreclosures in the area are tapering off and short sales increasing. Lengthy closings are status quo for any short sale these days.