Quote:
Originally Posted by asianthree
Since this is your dedicated hobby, over the last few years, your stats have reach the highest level, in January 2024. So what is the monthly percentage from last quarter of 2023 to January 2024.
Did the percentage grow each month in that percentage, making the statistics higher for January? Or did January increase greatly from the last quarter months.
Wouldn’t the new on the market be consistent as builds are released, was there a plateau on new vs preowned.
Are the new unsold homes in a certain areas, that seemingly are making new buyer take pause.
When Richmond East is released, bet there will be10 plus names on the list, village will be sold out in an hour of release. So new builds could just be a stall due to location.
In 2021 & 2022 there was so little new and preowned on the market stats weren’t really available. Our home like many others never hit online statistics since many were sold within days.
With rates still high, our financial guy thinks it will be end of 2024 before housing comes back to normal. But that’s his prediction, and he did tell us that home sales would greatly slow starting in November of 2023. Which it seems they have.
So in addition to your regular stats separate out new build by village, for comparison to see what is sitting or selling. That would give you a better idea on market for new homes.
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So, I will give it a shot.
Oct 1 2023 zillow 363/VLS preowned 396/VLS New 298
Nov 3 2023 384 421 304
Dec 1 2023 422 427 346
Jan 12 2024 443 492 445
I am just watching the market because I plan on buying probably around the end of 2024. I was just posting an observation.