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Predicting Home Sales Using Online Property Views
Can we predict home sales by examining the number of properties viewed on the network of Coldwell Banker Funkhouser Realtors web sites?  Possibly....

Home Sales, Online Property Views

Above you'll see a graph that tracks home sales per month in tandem with the number of properties viewed each month on the Coldwell Banker Funkhouser Realtors network of web sites (my web site, the company web site, all other agent web sites).

I think there does seem to be a general correlation between the two sets of data.  That being the case, we should expect to see home sales level out or decline as we move into the next few months --- which is winter, and typically slow.

However ---- an extension and expansion of the home buyers tax credit is being considered, which, if passed, could incent more buyers to get into the market, causing an increase instead of a decrease in the number of home sales in Harrisonburg and Rockingham County.
2 Comments so far . . .
Keston:
Dear Scott,

I would imagine that online property views would be a slight leading indicator (i.e., March 2009 views may be more associated with May 2009 sales) because of the time it takes to close.

Best wishes,
-Keston

October 30, 2009 10:46 pm

Scott Rogers:
Keston -- I could go along with that. Interestingly, property views didn't peak until August, but home sales peaked in July!?!
October 31, 2009 3:47 pm

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