Comments on: Weekly Boston Condo and Real Estate Sales and Listings Update, July 26, 2008 http://www.bostonreb.com/2008/07/weekly-boston-condo-and-real-estate-sales-and-listings-update-july-26-2008/ Boston real estate, Boston condos, Boston luxury condos, Boston luxury real estate, Back Bay condos, Back Bay real estate, Back Bay luxury condos, Boston Back Bay condos Mon, 06 Feb 2012 05:38:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: John A Keith http://www.bostonreb.com/2008/07/weekly-boston-condo-and-real-estate-sales-and-listings-update-july-26-2008/comment-page-1/#comment-5169 John A Keith Sun, 27 Jul 2008 21:07:43 +0000 http://bostonreb.com/2008/07/26/weekly-boston-condo-and-real-estate-sales-and-listings-update-july-26-2008/#comment-5169 You might be right about UAGs coming down below the # of sales. I'd have to check the data. My guess would be that this happens during the summer months, every year. Less going through the pipeline, which will then be reflected in the "sales", going forward. There are two DOMs I report. For "on-markets" and for "sales". For on-markets, I think the days go up because there are fewer buyers out there, in the summer, and fewer sellers putting their properties on the market to begin with. What's on the market in July and August are properties that didn't sell in May-June. Owners just leave them out there, waiting for the occasional showing and waiting for the fall. The DOMs for sales stretches because there are fewer buyers, so it's harder for owners to find someone. You might be right about UAGs coming down below the # of sales. I’d have to check the data. My guess would be that this happens during the summer months, every year. Less going through the pipeline, which will then be reflected in the “sales”, going forward.

There are two DOMs I report. For “on-markets” and for “sales”. For on-markets, I think the days go up because there are fewer buyers out there, in the summer, and fewer sellers putting their properties on the market to begin with. What’s on the market in July and August are properties that didn’t sell in May-June. Owners just leave them out there, waiting for the occasional showing and waiting for the fall.

The DOMs for sales stretches because there are fewer buyers, so it’s harder for owners to find someone.

]]> By: confused http://www.bostonreb.com/2008/07/weekly-boston-condo-and-real-estate-sales-and-listings-update-july-26-2008/comment-page-1/#comment-5170 confused Sun, 27 Jul 2008 19:33:07 +0000 http://bostonreb.com/2008/07/26/weekly-boston-condo-and-real-estate-sales-and-listings-update-july-26-2008/#comment-5170 Two comments/questions 1. (One note of interest, this is the first time in recent memory that “under agreements” have matched, year to year.) Isn't this the one year anniversary of the start of the credit crunch? I'm pretty sure it is which may explain it. I also think this is the first time in a long time that under agreements were lower than closings. 2. Because it’s summer, fewer people put their properties up for sale. Therefore, the “days on market” of the listed units gets longer and longer. I don't get this unless you mean that you have fewer 1 day on the market properties and that skews it up. I ask because I thought DOM measured how many days it took a place to sell. Two comments/questions

1. (One note of interest, this is the first time in recent memory that “under agreements” have matched, year to year.)

Isn’t this the one year anniversary of the start of the credit crunch? I’m pretty sure it is which may explain it. I also think this is the first time in a long time that under agreements were lower than closings.

2. Because it’s summer, fewer people put their properties up for sale. Therefore, the “days on market” of the listed units gets longer and longer.

I don’t get this unless you mean that you have fewer 1 day on the market properties and that skews it up. I ask because I thought DOM measured how many days it took a place to sell.

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