PS I think they are value added pieces of data that give further evidence of in our case a heavily depreciating market. If I am a seller and I know that there are 100 homes on the market in my zip, but that last month 10 of them sold that is useful. However if I know that 10 sold and 25 more dropped off the market entirely that would potentially encourage me to price my home even more aggressively.
Yes as you also stated, c/e/w numbers go down in an appreciating market and rise in a depreciating market. What has me concerned as I said is a 15x increase from the low in the data I presented. The trend also shows no sign of weakening.
Again, I use it to show potential sellers more data. It may not be useful in any ratios, as you are indicating.
Cancelled – you are no longer under contract with the broker.
Withdrawn – you are still under contract with the broker but not active on the MLS.
