11 sold 202 active at the end of Dec07
MRIS has an excellent statistics tool, which is publicly accessible. It can show the housing market statistics in every zip code. The last time I ran the statistics I had 1 out of every 10 units selling. I just ran it now and in my zip code 20876 at the end of Dec 2007, 11 units sold and 202 units active - that’s 5.4%. It’s really not dim as that in all areas, once you get closer to DC, and lower the price bracket the rate of selling goes higher. In Arlington it is approximately 47%, which mostly contain condos. However, you have to price right and aggressive pricing is not an option in most cases.
Those number are very important in case you’re selling your home. You need to know your possibilities of selling your listing i order to determine the correct price. It is a very hot investor/buyers market, but not any buyer can now buy! If you are a seller, think twice before you counter offer.
January 27th, 2008 at 9:23 am
[…] without paying any extras. And my answer for that question was my stats show things selling below 10% of the inventory in my area, around 5.5%. That means if the market is faster in Jan than Dec, your chance to get picked will be around 10% […]
February 2nd, 2008 at 7:18 pm
by the way - one cannot read your blog becuase the ad column that should be far to the left is covering the blog -a shame - i am looking forward to reading your wisdom.
February 2nd, 2008 at 8:16 pm
I haven’t really put enough effort in the blog template. My goal is to make it the same look as the rest of the website, so visitors won’t feel they are going to a different place. About the ads, it depends on the screen resolution. The worpress theme that I used here is not designed to fit all the blocks I added, and I hacked it enough over the time to the point that it is no longer working correctly. But again, that’s on my list to fix.