Here we are in the second week of September and the numbers thus far are both telling and expected. Take a look at the charts shown above and below, which show an almost 5% increase in inventory in just the 5 days after Labor Day. In addition, contract signings for that same 5 day period decreased by 2%. It is too early to tell but if history does indeed repeat, we will see a continued increase in inventory and a decrease in contract signings through September. That said, contract signings in October should pick up to a considerable pace as the summer officially ends for all, children are settled into school and the Jewish holiday of Rosh Hashanah will have passed. L’shana Tovah.
