Closings Up, Showings Down

Typical Late August

My office, Edina Realty City Lakes, tracks weekly statistics by several categories: new listings, showings, pending sales, closings, etc.

From a peak of almost 300 showings earlier this month, weekly showings are down about 50%. Meanwhile, closings -- which reflect activity 6-8 weeks earlier -- are WAY up.

Typical late August . . .

P.S.: to Realtors, the market sometimes feels like one big pipeline, with new prospects at the beginning, and closed sales at the end.