Tredyffrin-Easttown School District Real Estate Market October 2017
This post is similar to those recently created for Lower Merion Township and Radnor Township. The charts below plot data from the spreadsheet above. The X axis is always a set of price ranges. The Y axis is either months of inventory, days on the market or the sold price to original list price ratio. The data is for Tredyffrin-Easttown School District for the referenced 1 year period.
A month of inventory is the number of houses sold in a month. The relevant formula is:
Sales per Month = Sold in Period / 12
The formula for months of inventory is:
Months of Inventory = Currently Active / Sales per Month
The Months of Inventory chart clearly shows that the...
Radnor School District Real Estate Market October 2017
This post is similar to one just created for Lower Merion Township. The charts below plot data from the spreadsheet above. The X axis is always a set of price ranges. The Y axis is either months of inventory, days on the market or the sold price to original list price ratio. The data is for Radnor School District for the referenced 1 year period.
A month of inventory is the number of houses sold in a month. The relevant formula is:
Sales per Month = Sold in Period / 12
The formula for months of inventory is:
Months of Inventory = Currently Active / Sales per Month
The Months of Inventory chart clearly shows that the supply rises significantly above $1400k.
The Median Property Marketing Period graph shows a clear trend to a longer marketing period as the price range rises....
Lower Merion Real Estate Market October 2017
There is a lot said these days about a lack of inventory in the residential real estate market. But, as in many things real estate related, one has to look at the specific local market and price range. The charts below plot data from the spreadsheet above it. The first one plots months of inventory on the Y axis against price range on the X axis for Lower Merion School District for the referenced 1 year period. The second plots days on the market versus price range and the third plots the sold price to original list price ratio against price range.
A month of inventory is the number of houses sold in a month. The value for a given price range is calculated by dividing the value in the 'Sold in Period' column--the period is12 months--by 12. This value is displayed in the 'Sales per Month' column. To get the current months of inventory for a given price range, the 'Currently Active' column is divided by the value in 'Sales per Month.'...
