3,589,741
Peter not really a trick. Back in our super hot market 04 to 06 we had only about 5500 homes on the market for the entire Phoenix metro area. That practically meant zero availablity. Super glad those days are long, long gone, Now our average is about 22,000 +.
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Kathleen Daniels, Prob...
San Jose, CA
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Lynnea Miller
Bend, OR
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Michael Jacobs
Pasadena, CA
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Jeff Dowler, CRS
Carlsbad, CA
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
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Peter Mohylsky, Beach ...
Miramar Beach, FL
5,111,821
This much too much of a general question. That's precisely the thing about analyzing numbers for market reports... you really need to analyze them and determine the story they are telling... good, bad or indifferent.
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Michael Jacobs
Pasadena, CA
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Richard Weeks
Dallas, TX
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Bob "RealMan" Timm
Minot, ND
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Ron and Alexandra Seigel
Carpinteria, CA
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Lyn Sims
Schaumburg, IL
4,581,818
Depending on the cicumstances, negatives can be quite positive.
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Kathleen Daniels, Prob...
San Jose, CA
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Richard Weeks
Dallas, TX
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
2,399,375
A short Average Days on Market is a beautiful thing Peter Mohylsky .
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Kathleen Daniels, Prob...
San Jose, CA
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Richard Weeks
Dallas, TX
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
5,253,385
Well, the best 'negative' (not really negative but, LOW number) is fewer days on the market.
Sellers want two things - to sell for the highest price possible in the fewest number of days!
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Kathleen Daniels, Prob...
San Jose, CA
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Richard Weeks
Dallas, TX
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
1,505,863
I knew this one! Because I mentioned it in my essay on my market reports and my color coding where a negative number was good.
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Lyn Sims
Schaumburg, IL
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Michael Jacobs
Pasadena, CA
5,772,575
Peter,
I think that it depends on the circumstances and the market place. A
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
5,237,958
The numbers are the numbers. No tricks intended!
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
5,583,328
I'd love to be in a hot market again....
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
3,416,038
I like to compare numbers not just month to month but quarter to quarter and take into consideration the season. Take NH, here in winter the amount of homes for sale goes down, sales go down and days on market can go up or down depending on weather. I like looking at average sales price, sales price vs list price ratio and days on market
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
7,862,342
Use the wording that is accurate.
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
2,784,416
There is always an ongoing process of adjustment and change. Flow with it
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
1,322,519
Days on market in our area was about 14 early last year. It was a very strong sellers market. I don't know if you define that as "healthy". I know buyers were very challenged in that market.
Now that DOM is up, buyers are happier. Sellers...not so much. So...is the market healthy?
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
1,846,851
Yes, it would mean your market is hot - hot - hot.
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
3,349,229
I cannot think straight right now after reading the comments on the Obedience question. Sit. UBO. Sit.
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Michael Jacobs
Pasadena, CA
1,241,754
Negative price increase is good news for buyers and not so good for sellers.
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Peter Mohylsky, Beach ...
Miramar Beach, FL
902,038
Concept not that tricky. The tricky part is the wording - a negative number is with a minus in front of it, not when it's a lower number.
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Michael Jacobs
Pasadena, CA
556,536
631,608
1,390,113
What's good for buyers isn't necessarily good for sellers and vice versa. Good and bad are relative terms.
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Michael Jacobs
Pasadena, CA
6,416,169
2,221,377
3,138,132
Less days on market means sellers are moving on and buyers are moving in Peter!
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Michael Jacobs
Pasadena, CA
5,060,238
My first thought was fewer days on the market.
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Michael Jacobs
Pasadena, CA
5,877,179
There are times where our sales are down over year ago, and we do need to relay that info also.
2,071,025
OK, Peter, some condos are on the market for a long time.
Is it negative number? To me - the owner does not want to sell.
1,598,452
2,187,462
The determination of "good" or "bad" will depend on what side of the numbers you want to be on. Good for one person is not necessarily good for another.
921,504
My preference is a neg in the calculation of 'disount rate.'
(typically the difference between list price and sold price.) A negative suggest a low-ball will receive absolute silence.