It’s time to share my Three Cents Worth on Curbed, at the intersection of neighborhood and real estate.
I went back to 2001 by quarter and plotted the year-over-year gain or loss in inventory compared to the discount a property sells from its list price. The gain or loss is calculated by taking the difference between listings and sales in one period and comparing the difference to the amount in the same period the year before. It’s another way to measure absorption. Listing discount reflects the spread between the list price at the time of contract and the contract price itself.
Check out previous Three Cents Worth posts.