Ladera Ranch- Chart Definitions & Analysis:
The Number of Sold Properties by Month- Thischart showsthe number of properties that sold (closed escrow) each month for the time period chosen. This sale provides useful insight into how consumer demand is changing over time. This month shows a decrease compared to the last month.
Median for sale Price vs. Median sold price- Thischart showsthe median price of properties listed For Sale (a measurement of seller expectations) compared with the median price of properties that have successfully Sold (a reflection of buyer activity) during the time period chosen. The difference in these two median prices speaks volumes about how buyers and sellers perceive the same set of market conditions. In a balanced market most properties “sell” within 10% of their “final” list price. This month shows a very positive increase on Market Expectations as well as a higher Median Sold Prices compared to the last month.
The Number of New Properties Listed by Month- Thischart showsthe number of the properties that came into the market each month for the time period chosen. This metric is a leading indicator of the “rate” at which new inventory is entering (resupplying) the market. A useful exercise is to compare it with the “rate” at which properties are leaving the market (the number of under contract properties which represent current demand). This month shows an increase compared to the last month.
Month’s Supply of Inventory (MSI)- Thischart showsthe time, in months, that it would take to “sell” the remaining inventory for the month in question. This metric is a “one number summary” of how market supply and demand are changing from month to month. (0-3months– indicate that supply & demand are converging, 4-6 months – indicate that S&D are in balance, 7+ months – indicate that S&D are diverging). This month shows an increase compared to the last month.
Check:
- How to Sell your Home at”Highest Possible Price”.
- How to increase the chances of getting “More Offers”.
- How my FREE ”Short Sale Services” can help you.
- How you can”Pay Less” when you buy from a Home Builder.
Contact me to find out what is the value of your House and what are the stats in your neighborhood!
Ladera Ranch Current Single Family Homes For Sale
Ladera Ranch Real Estate and Homes for Sale Charts Generated using CRMLS
Comments(0)