Two of the key indicators of the strength of real estate markets are:
1. The average number of days needed to market a home before a sale is agreed.
2. The percentage difference between the listing or asking price and the actual sales price.
The above chart illustrates the relationship between these two indicators on a month by month basis over the course of 2004 (up until the end of November) for single family homes in San Diego County.
Whilst the number of days on the market has increased since June due mostly to the increase in the number of available listings, the list to sales percentage has remained remarkably static.
Data obtained from Sandicor the San Diego multiple listing service.
