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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (6570)11/5/2002 1:01:42 AM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
where you getting your data?



To: SouthFloridaGuy who wrote (6570)11/5/2002 1:08:10 AM
From: Elroy JetsonRead Replies (2) | Respond to of 306849
 
I'm seeing the same build-up in inventory of homes and condos for sale in the Los Angeles MLS.

In addition, while the number of homes for sale continues to increase, there is a faster decline in the number of homes in escrow.



To: SouthFloridaGuy who wrote (6570)11/5/2002 1:18:35 AM
From: Roads EndRespond to of 306849
 
LIG, this will confirm what you are seeing.

biz.yahoo.com



To: SouthFloridaGuy who wrote (6570)11/5/2002 7:31:03 AM
From: paul rossRead Replies (2) | Respond to of 306849
 
Another important indicator, DOM (days on market), has it climbed above 90 days for the overall market? 90 days has been standard for buyers-to-sellers market, <90 a sellers market and >90 a buyers.

Inventory can climb, but unless there is an accompanying increase in market time, the market may only be experiencing a temporary (seasonal) increase and the market stands ready to absorb it.


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