Average Number of Contracts in March 2014

Many people I talked to during March said it seemed as if LOTS AND LOTS of properties were going under contract during March.

As it turns out (shown above) there were only 91 contracts signed during March 2014.  This is roughly the average of the number of contracts seen per month during the previous six months of March.

I had hoped for better --- though perhaps the shortage of buyers signing contracts is related to the low inventory levels, leaving buyers with a smaller number of choices than they would like to have.