November Sales
We have a new feature on the sales map this month. Other than seeing the home sale prices by geographic area, wouldn’t it be useful to know if it sold above or under list price? Well here it is. Red indicates it sold for under list price, green is above and black means it sold for asking price. We’re seeing alot of red this month. Eight months ago we would have seen nothing but greens and blacks. Realtors [and sellers] are still fond of the prices from a few months’ back, as indicated by all the red. As the market levels off in the coming months, expectations will change, sellers will adjust, and the chart will start showing equal parts of each color. Although I was responsible for one of the greens this month, I’m not sure I’ll be able to keep my track record next month.