ZZGAMAZZ
Elite Member
- Joined
- Jul 23, 2007
- Professional Status
- Certified Residential Appraiser
- State
- California
I'm trying to improve my residential market analysis. I'm not sure how to compare current active listings with those at a designated time(s) in the past.
I know I can determine the number of current active listings, and the typical/mean/mode/etc number of days on market for current active listings; however, there's no way to tell if/when they will sell so that seems like a very short-sighted starting point.
If I analyze MLS sales in a specific sub-market at a certain time in the past, I will be able to determine the typical DOM; however, that would be affected significantly by active listings that were cancelled or expired.
A list$/selling$ ratio would probably be helpful but I also need to know how to be effective without providing too much necc.
Anyhow I'm going in circles and desire a relatively straightforward approach to the analysis.
I know I can determine the number of current active listings, and the typical/mean/mode/etc number of days on market for current active listings; however, there's no way to tell if/when they will sell so that seems like a very short-sighted starting point.
If I analyze MLS sales in a specific sub-market at a certain time in the past, I will be able to determine the typical DOM; however, that would be affected significantly by active listings that were cancelled or expired.
A list$/selling$ ratio would probably be helpful but I also need to know how to be effective without providing too much necc.
Anyhow I'm going in circles and desire a relatively straightforward approach to the analysis.