|# New||Price Drops||# U/C||# Sold||Median $ of Sold|
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.