One-Unit Housing Trends

[appraizer76]

hi everyone!
what is the method everyone using to determine the demand/supply and marketing time? for demand/supply, do i compare numbers of current active vs sold? and what about marketing time? i have used fmls to define subject's neighborhood and looked at avg DOM, is this accurate? do to relisting of properties it looks like its impossible determine. please give your opinions and thank you for your reply.

 

[Farm Gal]

Yes the nasty habit of re-listing will badly skew some attempts to determine demand/supply and marketing time and some of the :new_2gunsfiring_v1:agents do it a'purpose....

Depending on the complexity of the dataset I have been known to weed through sales and recalc based on my 'best efforts'... and disclose that the results STILL may be skewed. What's a gurl to do?

Yes you would need to speak to the number of actives versus solds particularly if you see increasing trends. (or decreasing - however unlikely in most markets at present...)

Comparing quarter by quarter if you can beat your dataset into that mode is generally a good method to see where you are heading...

and if you are approaching absorbtion rates which are double or more historical rates, best mention it!

Sometimes you may even get into a year or two worth of suplly - I don't care how stable your look-back market is, that kind of oversupply tends to create market changes...