Diverging Tones CoStar's Half-full Glass
- The average time on market for for-sale properties dropped sharply by 19.7% in the 12-month period ended in January 2016.
- The sale price-to-asking price ratio narrowed by 3.1 percentage points in the 12-month period ended in January 2016 to 93.5% -- the highest this ratio has been since July 2007.
- The share of properties withdrawn from the market by discouraged sellers receded by 4.7 percentage points to 33.1% during the 12-month period ended in January 2016.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
