Real Estate Meets Insight: Turning Data Into Decisions – Rob Thompson, Realtor®, Iconic Colorado Properties, LLC
Week to date we are at an average of 3.9% over list price. What does this mean? Homes are selling for an average of almost 4% over their asking price. Why does this matter? It helps buyers and sellers know what to expect when making offers or listing their homes.
Here are the “vital stats” of the market in the 400K-500K price range. What you are seeing here is the last 14 months of data on our market in this bracket to include the per month number of sales, percent of cash sales of those sales, the average closed to list price ratio, average price, […]
What are the core stats you should know when looking at a market?
Defined as the state where interdependencies are so complex that stability becomes ever harder to maintain. It is somewhat counterintuitive. We tend to think interdependency equals stability and I think this is true to some extent. But too far becomes codependency and destabilization. I need to study this more.
