How To Predict Where Home Prices Are Going
Three Simple Stats Will Forecast Trends and Save You Thousands of $$$
Are San Diego Home Prices Rising, Falling or Stable?
Three simple stats indicate if we are moving from a seller’s market to a balanced market:#1. Increased home supply
#2. Longer market times
#3. A lower percentage of the original price sold.
#1. 1660 more homes are on the market today.
(# of homes available)
#2. The market time has increased from 44 days to 69 days.
(# of days on the market)
#3. The average % of the original price sold was 100.9%, now is 99.2%. On a $1,000,000 home, that $17,000 less or 1.7% less.
(% of asking price sold at)
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