Typically, when the number of home sales increases and the number of new listings decreases, our first thought is that prices must surely have gone up. I mean, it’s supply and demand at work and clearly, if fewer homes are on the market and those that are on the market sell quickly, supply is outpacing demand.
Oddly, the Blaine housing market is bucking conventional wisdom.
Our local MLS releases its market statistics a month behind, so although these statistics are from June, 2015, they are considered the most recent numbers.
New Listings in Blaine
In a word: there aren’t any. Well, not when comparing the numbers from last August to this; we had 8.2 percent fewer home listings. Last month we saw an increase in this number but it and the…