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"Doug Freyburger" <dfreybur@yahoo.com> wrote in message
news:1139423161.109550.147420@z14g2000cwz.googlegroups.com...
> billmiami2@netscape.net wrote:
>>
>> I see their days on market statistic but I do not understand it. For
>> example, In Dade county in Feb 05 we had 3273 units available and 914
>> sold (ratio of 3.6) and the avg. days on the market was 68. In
>> December we had 5629 units available of which 682 were sold (ratio of
>> 8.3) yet December days on market was 59. This makes absolutely no
>> sense to me. How can days on market be less in months where so many
>> more units are left unsold? Can you explain?
>
> If the inventory is increasing, then the time on market for the
> ones sold will lag behind the current inventory.
>
> Notice that between Dec and Feb the time-on-market increased
> from 59 to 68.
Doug,
The time-on-the market decreased not increased from Feb. 2005 to Dec. 2005
from 68 to 59.
http://www.AmericanWest.biz
>
> I also suspect that the time-on-market statistics are only gathered
> from the unit that were sold. If a unit appeared on the market for
> a while and then was pulled back off the market after a while
> unsold, then it would be included in the units available for a while,
> but it would never appear in the time-on-market statistic.
>
> December 5629 minus roughly 1600 for two months sales gives
> 4000 units that should still be on the market. But there are now
> 3273. Clearly some have been pulled off the market since December.
> And since some would have bene put onto the market since
> December it looks like a *lot* have been pulled off the market.
>
> It makes sense. Try putting your building on the market but
> if it has a positive cash flow you do not have to settle for a lowball
> offer. If no one offers your asking price, forget it. Pull it off the
> market, it fails to appear in the time-on-market statistics, and
> maybe you put it back on the market again in a couple of years.
>
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Re: Market downturn: How will it develop?
