I’ve been slacking lately and I can honestly say it’s because I’ve been working, A LOT! I’ve been to wrapped up in selling houses and renting apartments that I didn’t even realize the blog was just filling up with Posterous photos.
All this work and looking at houses for the past few weeks has got me thinking (scary, I know) about how to best analyze the activity in the local housing market. What numbers are the best indication of the market improving? Thankfully for me my husband has a degree in economics and has a special place in his heart for numbers, I could live without them.
Some agents are calculating and tracking the absorption rat, which is how long it would take ALL the houses to sell assuming no more were put on the market and they continued to sell at the current rate they are selling. Yeah, confusing huh?
My thoughts are that when there are more homes selling than are coming on the market in a given time period, things must be getting better. Right? No crazy adding, then multiplying, then dividing by the number of days, blah , blah, blah. Just cut and dry – there are ‘X’ amount of homes sold this week and ‘X’ number of homes listed. So, this is what you can look forward to seeing every week and why I have chosen to give it.
7 Day Market Activity
Maybe some day I will have enough info compiled to make a graph to show just how the market is improving, we will deal with that venture later.
