Year end stats in pictures

[30ashopper]

ECAR stats, areas:14,15,16,17,18. Hat tip to Josh for the data.

Sales picking up -

Median and Average sale price declines -

Lowballers paradise -

Average number of days on the market for homes that sold -

 

[chanster]

kudo's nice graph

 

[traderx]

Thanks 30ashopper. Very nicely done.

It's interesting that no matter whether you view stock graphs or real estate graphs, the line is a series of drunken m's.

 

[Matt J]

Thanks 30ashopper. Very nicely done.

It's interesting that no matter whether you view stock graphs or real estate graphs, the line is a series of drunken m's.

That's probably why most people laugh when they read "predictions". ;-)

 

[Miss Kitty]

I bet TFT will be drooling over this!

 

[AAbsolute]

ECAR stats, areas:14,15,16,17,18. Hat tip to Josh for the data.

Sales picking up -

Median and Average sale price declines -

Lowballers paradise -

Average number of days on the market for homes that sold -

Will you explain the difference between the term average sales price and median sales price for me?

 

[SHELLY]

Will you explain the difference between the term average sales price and median sales price for me?

AVERAGE SALE PRICE: $625,000 (Sum/# Sold)
MEDIAN SALE PRICE: $200,000 (Number @ mid-point of high and low)

House 1 Sold for $75,000
House 2 Sold for $150,000
House 3 Sold for $200,000
House 4 Sold for $900,000
House 5 Sold for $1,800,000

 

[scooterbug44]

Average = sum of all sales/number of sales
Median = middle number of sales (w/ outliers thrown out)

Are they attributing the higher number of sales and lower prices in 2008 to more foreclosures/short sales?

 

[SHELLY]

Are they attributing the higher number of sales and lower prices in 2008 to more foreclosures/short sales?

I'd bet on it--that's where the majority of sales are happening out there....well, that and the folks who plunked down $75K for condoz in the 80s and are selling out for $300K now.

.

 

[AAbsolute]

30A, Sorry I'm thick this evening. I am having a hard time interpreting Median from the graph as it is expressed in a line more fluid than the dates. Do you have any clarification on what SHELLY and SB proferred?