List Prices are Neutral while Sold Prices are Appreciating.
Logic would seem to dictate that if homes are selling for more money, then list prices should go up as well. Well, list prices are going up. But, whereas sold prices have had double digit appreciation, list prices have had modest single digit appreciation. So, how do we explain [...]Inventory Levels Stay Neutral – Price Appreciation is Moderating.
In October, the number of homes available for sale, including new listings, closed sales and homes placed under Contract saw modest fluctuation from last month, but over-all no evidence of significant change. The result is that the number of homes for sale based on closed [...]
In Venice, there are fewer homes for sale; a lot fewer. Almost 25% fewer homes for sale. Although the number of new listings is keeping pace with last year, it is not enough to satisfy the demand. The result is that buyers are buying, and sellers are selling. 10% more homes have sold this year than last year. Likewise, prices have [...]
1st Quarter 2013 vs. 1st Quarter 2012
