Powered by RealTown Blogs

Greg's Real Estate Thoughts

• Mar. 2, 2006 - February MLS Market Stats

On the first of each month I gather the numbers from the MLS for the prior month's activity. This helps me spot trends and keep up with the local real estate market. Here's what they look like for February 2006:

MLS Wide (Dade, Broward, and Palm Beach Counties)

SINGLE FAMILY and CONDO/TH/VILLAS
Data Item Feb '05 Feb '06 % Change
New Listings 12,518 20,518 +63%
Closed Sales     6,988     3,809     -46%
4,551 Listings went under contract in January
65,317 Listings are currently active and available For the entire MLS
At this rate, It would take more than 14 months to get contracts for current inventory.

City of Deerfield Beach

SINGLE FAMILY and CONDO/TH/VILLAS
Data Item Feb '05 Feb '06 % Change
New Listings 181       341       +88%
Closed Sales     115 93 -19%

69 Listings went under contract in January
1010 Listings are currently active and available
In Deerfield at this rate, It would take more than 14 months to get contracts for current inventory.

 

This shows a significant turn from the SELLERS market of last year. Here are the stats from last month.

 

Want to see what what's happening in other parts of the country?  Check out Columbus Best Blog article Real Estate is Local or Bonnie's Snippets from Minnesota.

Comments (2) :: Permanent Link

• Mar. 3, 2006 - Stats Help for the Uneducated

Posted by Bonnie Erickson
Greg, I barely made it through economics in high school and now your and Karl von Loewe are giving two different variables for the supply and demand ratio. Can you explain the differences? Karl's ratio takes the pending + active listings divided by the pendings. His definition of a buyer's marke is anything under 50%. Now you have a different figure and say that 3 is the magic number for balance. Can you explain for the novice?
Permanent Link

• Mar. 4, 2006 - Karl's Calc's

Posted by Greg DiSisto
I found Karl's blog entry:

http://www.realtownblogs.com/entry.php?u=KvonL&e_id=2244

and here's another that explains it:

http://realtytimes.com/rtmcrcond/New_Jersey~Rumson~joycecarter

I think I'll go with the flow and use their method next time. Thanks, Bonnie.

Greg

Edited by gdisisto on March 4, 2006 at 4:37 am
Permanent Link

Write a Comment
Your Name:  RealTown Members: Click here to login
Your E-Mail: 
Your Website: 
Subject: 
Your Comment: 
Notifications: 
Privacy: 
Verification: 
To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.
 




Greg DiSisto of DiSisto Realty, Inc. talks real estate. Buying it, selling it, and other local market topics. Located in Deerfield Beach we service from Deerfield Beach/Boca Raton, Pompano Beach, Lighthouse Point, Hillsboro Beach west through all Broward County.

Feel free to call me. 954-692-3456

Links

• Home
• View my profile
• Archives
• Blog Manager
• Email Me
PageEntry 1 of 1
Last Page | Next Page