the canceled and expired listings are the leading indicators, it looks like. with uptick in those numbers starting in 05 foreshadowing the free fall in prices. with those numbers stabilizing, the prices are stabilizing as well.
with 2/2 09 ratio of sales vs cancel/exp/with at 2:1, is that a ratio we typically see in a flat market? 1/2 03 ratio was 3:1, while 1/2 04 ratio went up to 6.8:1