Thread Rating:
2014 Sunshine Coast Monthly Sales Stats
|
03-07-2014, 08:30 AM,
(This post was last modified: 03-07-2014, 09:01 AM by Skook.)
|
|||
|
|||
RE: 2014 Sunshine Coast Monthly Sales Stats
I’ve decided to add one more chart to the Jan/Feb Sales Stats post. I’m in the process of taking my first serious look at the REBGV’s ‘Sales-to-Listings’ Ratio for single detached homes on the Sunshine Coast.
According to the REBGV: Quote:A buyer’s market is when there are many more homes for sale than there are buyers. As a result, prices may drop over time as home owners become eager to sell their property. So, I’ve created this chart below using the detached ‘Sales-to-Listing’ Ratio back to 2010 to get a good sense of current market direction. The ‘Ratio’ is calculated each month by dividing the month's detached sales by the month's new detached listings. I was so intrigued by the results shown in this chart that I have decided to go back much, much further - to 2002. I am just putting that data together now and my first ‘test-drive’ chart is an eye-opener. When I have it refined, I will put upload this historical information in a new thread. Stay tuned. (Note: Comparing this chart with the 'SC New Detached Listings/Mth' chart directly above (scroll up) will help illustrate why the Sales-to-Listing ratio is falling) |
|||
« Next Oldest | Next Newest »
|
Users browsing this thread: 4 Guest(s)