pending to active homes ratio
Monday, April 13, 2009
This is a graph showing the ratio of pending sales to active listings. This shows a up trend in the number of pending sales to active listing which is positive in the overall market place. Also indicates some strength through buyers entering the market place. When you look forward you can see that 2009 will,if trends continue, surpass 2008 in the relationship to pending compared to active listings. This will stabilize pricing since demand will approximate the supply. as I have mentioned else where this continues my belief that the best description of the real estate market in Yellowstone county is a high grade corporate bond it protects your capital and gives you a reasonable return on your investment. It will be intersting to follow.
