How is 2017 compared to the previous years of 2001 through 2016 in the real estate market? Below you will see a few factors that determined which year dominated!
Monthly Sales Rate, 2017 is running in 4th place out of 17, beaten by the bubble year of 2005 and the REO-dominated years of 2011 and 2012. There is a notable increase in sales volume over 2013 through 2016.
Monthly Average Price per SQFT is standing at $145.36 , 2017 is in 4th place after 2006, 2007 and 2008.
Listings Under Contract are looking strong compared with 2014 through 2016, but weaker than 2010 through 2013 when they were affected by large number of short sales hanging around forever awaiting approval.
Dollar Volume looks much stronger than every other years except 2006.
Days of Inventory, 2017 ranks fourth with 2005, 2012 and 2013 showing even tighter supply versus demand.