Current Market Conditions

For those of us that like to see graphs, these are really neat... and they tell us where the market is and -hopefully- gives us an idea of where it is going.

Some Data below comes from the M.L.S., some from C.S.S.
Of course, this information is deemed reliable... but not Guaranteed
If you have any questions/comments, or if you'd like to see any other graphs, please email me by clicking here
I'm going to try and update these on a regular basis --hopefully almost daily, I may get a little lazy on Sundays :-)

The graph above shows the Inventory and the number of sales. It's a graph of the closed homes for a given month (blue line) and a graph of the number of "Active" listings in red. NOTE that the number of actives is divided by 4 in order to fit nicely in the graph.
So when the lines cross it -generally speaking- means that 1 out of 4 homes sold the previous month.

This graph simply "zooms" in on the "Actives" above. Showing a bit more detail.

This graph shows the number of homes that have gone Under Contract on a daily basis.
This really gives a good measure of what the market is doing "right now". Note however that the last few data points are low because agents do not immediately update the MLS when a home goes under contract.

This one shows the number of homes that have gone Under Contract on a weekly basis. Don't trust the last point too much, if the graph was created early on a Tuesday, it only includes one day worth of data.
It is also a good measure of current market activity and without as much "noise" as the previous graph. Note again that the last few data points are low because agents do not immediately update the MLS when a home goes under contract.

***********Important Note***************
On March 2010 I found out that they had changed the format of the data in the showings database which I query in order to make the showings graph depicted above... That change had occurred incrementally over the past five or six months. Of course I just found out about it and went back and corrected the data so if you have been looking at this graph lately, you will see a huge change starting at about 8/2009
**********End Important Note***************
This graph data does not come from the MLS, it is from Centralized Showings. It shows the number of showings per listing for MLS Areas 2, 7, and 14 (North Raleigh and Wake Forest) in the price range of $100,000 to $350,000
Now, this is really the meat and potatos. If you extrapolate a bit, the number of showings is a precursor of the pendings which in turn gives us the closed data.

This one answers the question everyone's been asking... How has all this affects the price of my home?
Well, this last graph is the Price per Heated SqFt for all homes in Wake County between 2,000 and 4,500 Heated SqFt. Do not trust the last point!!! Remember, most closings take place near the end of the month.

This one is also interesting. It is the ratio of AskingPrice to SoldPrice. One thing to note is that it does not include seller paid closing costs.

Email me by clicking here and let me know what you think. And also let me know if there are any other graphs you'd like to see!!!