Welcome to a new year! If I do say so myself, I am looking forward to what this year will have to bring to our real estate world. We are already seeing new listings “pop” onto the market in certain areas, now that we are past the holiday season; and in due time, we shall see what will happen with buyers and their activity once we see the anticipated changes with interest rates – along with lending guidelines and standards. Throughout this year, I will continue to give you a market analysis of not only Anderson and Cottonwood, but also the Shasta Multiple Listing Service. There is one key feature I have added on though, that is I will also update you with the number of active listings for my weekly reports and the average number of listings for my monthly reports. Enjoy!
*Ratio of New Listings to New Sales: The current ratio of new listings to new sales in the market (found by dividing the smaller number by the larger Number). Average List Price: The average list price of all active listings in the market. DOM of Recent Sales: Day on market (DOM) of all the recent sales in the market. Average Sales Price: The average sales price in the market. Average List Price to Average Sales Price: The percentage difference between the average list price of active listings and the average sales price of all recent sale in the market (found by dividing the smaller number by the larger number). New Listings: The total number of new listings on the market. New Sales: The total number of recent sales (closings) on the market.