Single family homes inventory dropped slightly and the percentage of homes "under contract"  is UP in almost all price ranges.  Single family homes in general are continuing to do well with over 27% of these homes in contract.  Homes under $1 million are very HOT with 38% in contract, an increase of about 1% from the last report published here.  Of course this varies considerably by town and neighborhood.  Particularly notable is a pick up in activity upper end properties.

Condo inventory is up by just a handful of units.  The percentage of condos under contract right now are around 38% and continues to reflect a strong demand by investors, and first time buyers.  Also to note, at this time, Lenders are taking seriously into consideration the ratio of owner occupied units vs. rental units.  This is an important statistic for prospective buyer to check out early in the game.

Fred Anlyan, MBA Broker Ass. , Coldwell Banker Greenbrae