I like how you are tracking this area. It is a very nice area, and I would strongly consider buying. However, I am trying to understand how to use this data to understand the changing markets. I know a lot has to do with the supply and demand of the area, and the volume and sales. Rustico had stated in another thread to use the listing to pending sales ratio and how they change. How can apply this on a week by week basis? Don’t I need a cumlative number to compare the total listings to total transactions?
He also stated that I understand the distress of an area and the cost of owning vs. renting. I get the owning vs. renting analysis a bit, but the distress I am little confused on. Is this simply the NOT’s and REO’s? Let me know how that can factor into the analysis.
