Checking in on November's Performance

Posted by urbandigs

Fri Nov 19th, 2010 10:11 AM

A: While the recent tick up in action is likely to come through in Q1s report, lets take a peak at how November has been shaping up so far.

Monthly Pace of Contracts Signed w/ Estimated Novemeber


The reason I can estimate November is because of the subscriber tool Real Time Listing Updates - which shows us how many contracts are signed each day, as well as a 7-day and 30-day moving window of total contracts signed. Here is the latest screenshot of this innovative tool:


You can see that the CONTRACTS SIGNED 30 day pace is around the high 800s; which basically tells us how many deals were signed from October 19th - November 19th; before today's newbies come in. Given the turkey day holidays next week, I would expect the last 7-10 days in November to be quite light while filtering OUT the strong end to October we had. So I would not be surprised to see November's total (published December 2nd) come in around the low 800s; continuing the uptick since the lows in September.