Comparing one week to the next is the best way to see what is transpiring in the micro-market you are researching. Tracking weekly activity in this way captures trends that occur at the neighborhood and price point level before they reach mainstream data sources. Another relevant factoid is that some price points are where all of the attention is while others are much quieter. If you are frustrated with your search efforts and happen to be looking in a range that bridges two price points, you might have more success shifting into the more moderately-paced bracket.
While monthly data provides a nice historical look-back, its nearly two months’ old just prior to each release. If you’re a buyer or a seller in this frenzied market you know first-hand just how important real-time data is in giving you a competitive edge.
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© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.