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…
3% below Average … no big deal …
9.47% below December average – so what? It’s December …
Days On Market
one day FEWER (means better) days required to find a buyer – so that’s good, right?
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
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)