Here's what I'm seeing when I pull data from the last six months:




What I find most interesting is that these numbers don't look too bad, at least at the lower end of the pricing scale. And 5 of the 6 price points have actually improved since last month's graphs. But this seems to be in direct contrast with the weekly numbers that I pull; the last couple of months have seen more homes go on the market than go into escrow in 6 out of 8 weeks. Does that mean the homes going into escrow aren't closing? Or does it mean that the six-month time frame is taking longer to show the results than the more immediate, weekly snapshots?
It's interesting food for thought, and I'll continue to watch the trends develop...
- Chris Butterworth
[tags] MLS statistics, market analysis [/tags]