My Metrics – Leavenworth Real Estate Edition
Despite the so called “death of print media” we still subscribe to a number of magazines in our household. I enjoy Fortune magazine and one of the regular columns they have is called “My Metrics”. Each issue, some analyst or economist shares a hidden secret about some number that they use to determine how the economy is doing or how a specific business is doing.
I thought I’d share with you a metric that I think is key to understanding the health of the Leavenworth real estate market.
It really boils down to this…
Did 10 homes sell last month?
In the chart below, we have the data from 2008, 2009 and 2010.
Months with 10 sales or more have a green arrow
Months with 9 sales (almost good!) have a black arrow
Months with less than 5 sales have an orange dodo (bad!)
Sold Homes in Leavenworth WA
So let’s look at the sales year by year.
2008
3 great months, 3 good months and 1 bad month
2009
1 great month, 1 good month, and 6 bad months
2010
0 great months, 3 good months, 1 bad month
2011
Looks like we get another January dodo.. only 4 homes sold last month.
As we move through 2011, watch the number of sold homes in Leavenworth each month. To me it looks like 2009 was our worst year, what do you think?
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Required Disclaimer
NOTE: This representation is based in whole or in part on data supplied by the North Central Washington Association of Realtors or its Multiple Listing Service. Neither the Association nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the Market.
