10 year Comparison : What’s Normal?

10 year Comparison : What’s Normal?

That’s why we look at stats to get a feeling for whether we are ahead or behind schedule…

Inventory

3% below Average … no big deal …

85 inventory dec2018-1

New Listings

9.47% below December average – so what? It’s December …

86 new listings-dec2018-1

 

Days On Market

one day FEWER (means better) days required to find a buyer – so that’s good, right?

87 treb ave days market

 

Sales to Inventory Ratio (Months of Supply at Absorption rate)

3.02 months of inventory – smack dab on 10 Yr average

Boom was under 1.5 months and over 5 months is slow time

88a months of inventory-dec2018

 

Sales to NEW Listings

Off the 10 yr Average by 6.45%

Recently my least favoured indicator (because many NEW listings are duplicates – not really NEW)

88b sales aspercent of new listings-dec2018

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s