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I have invested in my own MLS Search for my readers. This will give access to a lot of the listing information I have. Also, if I have already set you up with your personal portal, you will now be able to search your own searches outside of what I set up for you. Feel free to test out and search properties. I feel the best attribute is that you can save your own search and choose to get alerts as new properties come on to the market, properties are sold, or change in price. All specific to your customized search. Hence, you will speed up your learning curve, becoming an expert in the specific market you care about.
Please let me know if you would like me to provide customized information or statistics for you based on your criteria.
**The information on the featured property and all statistical information is from the Greenwich MLS.
**All opinions garnered from the statistics are my own
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Properties Sold
January was obviously disappointing. However, for how disappointing January was, February was promising. We had 52 total properties sell in the month of February. More than the last four years.
New Listings
 The new listings for February were 95. This number is slightly less than the last three years. |
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Year to Date Sold
The value in these two charts are comparing the market of what is available vs. what has sold. Obviously, we are only one month in, so each transaction would have a more profound impact on each graph. Year to Date Available
In an effort to define the different markets as a good time to buy or sale I believe one needs to look at the months on average it would take to sell through the inventory we have. This one below is the amount of months on average to sell through the inventory based on 2014 ytd sold numbers by price range.
This chart above is the months on average based on the amount sold so far this year. I feel it is a good comparison between 12/31/14 based on last year's numbers vs. currently using this year's activity to date. As you can see the market needs more inventory in under $3M range and continue to see improvement in the higher price ranges. Obviously, in times of lower inventory it dramatically changes the numbers.
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