so for those of you who historically track the season cycles of up/downs int he resale market…
is April/May typically a high or low time of the year in terms of sales?
I’m just wondering…since in 2006 there was a decrease in sales from April to May, it’s normal to see a drop from April to May in 2007? it’s just larger.
is the ratio of the drop statistically significant if you analyze drops from April to May of say 05 04 03 02 00 99 98 97 96 95 etc?
Higgy
It looks like you are looking at the number of new listings.
Sales are down too but the listings are declining at a faster rate than sales are across the board month to month. Some sort of equilibrium would be reached if this continued.Probably won’t though. Sales will probably start declining at a faster rate than inventory from here (give or take a month). At a casual glance it seem like the rate of properties going into pending is slowing dramatically this month .(someone with more free time than me can check it?) Anyway the inventory boom of a year or so ago shows that inventory in itself isn’t a big enough factor to bust this market. It has go to be about foreclosures and interest rates/lending standards as seems to be the consensus on the site now.
“is April/May typically a high or low time of the year in terms of sales”
It seems to be mediocre……..
If you go to the sandicor website you can get some of this information for free. Every month is different, last year April was lower in sales than March, but I do not believe that is true for every April. I checked ’05 and April sales were actually higher……….ttfn
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