October 2014 Housing Data Rodeo

Submitted by Rich Toscano on November 28, 2014 - 5:50pm
Better late than never (but in my defense it was another uneventful month):



In fact I will dispense with the commentary this month as there isn't a whole lot to add to what I said last month (which wasn't much to add to the month before, etc).  Here are some graphs for your possible enjoyment.





































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Submitted by moneymaker on November 29, 2014 - 8:49am.

Looks like the average inventory over the last 5 years is about 3 1/2 months. A little on the low side historically probably, what do you think the average inventory is historically? 4 months? 6 months?

Submitted by Rich Toscano on December 2, 2014 - 10:52am.

Well, the rule of thumb is six months. Interestingly, if you look back at the all-inventory one (which goes back further), 6 months was actually pretty good for a long time... ie, that marked the line between whether prices were going up or down. In recent years, it seems that the "neutral" inventory has gotten closer to 4 months. On the active only chart, it seems like in recent years 3 months was neutral -- but that also shifted, and was higher previously.

So not a clear answer there... if I had to sum it up I'd say historically the 6 month rule of thumb worked quite well, but more recently it's been more like 4 months, for whatever reason.

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Submitted by Rich Toscano on December 13, 2014 - 12:25am.

You have to let me know if you get any calls from this... :-)

Submitted by moneymaker on December 17, 2014 - 10:05am.

Maybe because of online sites the real estate market is getting more efficient and that is why houses are not on the market as long anymore. Just a thought!

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