Yes, real Estate is a business of Numbers. How are prices changing: up or down, how much, how quickly? What are interest rates: what are the requirements, what changes are expected? How is the market responding: sales increasing or decreasing; are new listings keeping up with demand, or surpassing it? How is all this affecting the listing price?
All very good questions. None have definite answers (sorry, my crystal ball is not working). We can make educated estimates based on history and current trends. That is why I share the Yuba-Sutter stats each week (pardon the few misses). Below you will see the stats for all of March for our area. We are here to help you translate that data.
I believe information is power and misinformation is dangerous. We think the better informed all of us are, the better equipped we are to control our own destinies! After all, is not providing for yourself and your family one of your MAJOR priorities?
Week ending |
Newly Listed |
Back on Market |
Price Increase |
Price Lowered |
Under Contract |
Closed |
29-Mar | 54 | 25 | 3 | 30 | 74 | 39 |
22-Mar | 75 | 11 | 3 | 31 | 70 | 41 |
15-Mar | 48 | 22 | 1 | 32 | 90 | 34 |
8-Mar | 69 | 16 | 4 | 36 | 81 | 37 |
March | 246 | 74 | 11 | 129 | 315 | 151 |
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