realtor in santa cruz: Sales Momentum Faltering
- 11/12/10 06:55 AM
Two Important Statistics DeterminingMarket Momentum Sales momentum for single-family, re-sale homes in Santa Cruz County dipped into negative territory in September for the first time since January 2009. This trend continued in October. We calculate... sales momentum by using a 12-month moving average to eliminate seasonality. By comparing this year's 12-month moving average to last year's, we get a percentage showing market momentum. In the chart below... are two of the most important statistics determining market momentum. The blue shows momentum for home sales while the red line shows momentum for pending home sales. Sales momentum peaked in July and has been … (0 comments)
Two Important Statistics DeterminingMarket Momentum Sales momentum for single-family, re-sale homes in Santa Cruz County dipped into negative territory in September for the first time since January 2009. This trend continued in October.
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