Isn’t the CEW rate psychological? I would think that comparing CEW numbers to inventory and DOM would show the mood of the sellers, no? High CEW/sold rates with a high inventory over the same period and a smallish DOM (~90, say) would tell me that sellers are willing to sit out the market in the hopes of a recovery in their favor. Low CEW/sold rates with a high inventory over the same period would show motivated sellers?
See, I think that the CEW numbers add something to the squishy side of a market analysis. They could be used to make some sort of “want to sell” vs. “need to sell” metric maybe.
