# New Price Drops # U/C # Sold Median $ of Sold
30-Apr 166 142 125 81 $       317,900
7-May 182 170 141 90 $       294,700
14-May 211 170 126 46 $       301,950
21-May 220 169 140 92 $       275,950
28-May 167 165 137 66 $       272,450
4-Jun 213 204 131 141 $       324,500
11-Jun 210 198 155 74 $       296,400
18-Jun 222 191 125 94 $       339,950
25-Jun 178 223 131 100 $       339,900
2-Jul 163 158 132 150 $       299,000
9-Jul 157 181 102 81 $       332,900
16-Jul 187 197 121 93 $       289,900
23-Jul 166 211 95 92 $       334,450
30-Jul 149 189 109 110 $       278,950
6-Aug 155 197 106 144 $       312,450
13-Aug 161 202 105 84 $       319,975
20-Aug 178 187 120 79 $       345,000
27-Aug 156 163 113 88 $       317,475
3-Sep 138 173 112 103 $       285,000
10-Sep 112 139 100 63 $       284,900
17-Sep 163 159 114 63 $       317,000

 

I have been doing this since late April and what I find interesting is the comparison between the number of properties that go under contract and the number that actually close.  The graph above shows that in most weeks (with the usual exception being around the end of each month) the number of properties that go under contract exceeds the number that close.  There is a lag of 30 to 45 days from contract to closing, but eventually the sales should be realized.  What the statistics above do not show are the number of properties that go under contract but fall out of contract along the way.  I am seeing it in my own business.  Buyers are very fickle and to keep a transaction together takes a great amount of work.

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