Sunday, January 30, 2011

Early Austin Home Pending Trend

I was curious about how the pending sales this year compared to previous years in the Alamo report (Austin Alamo Title).  They don’t use numbers so I thought seeing the trend in pending % changes might draw an interesting picture.  If you think of 2006 as the starting point 0.00%, it looks to me that we are almost back to 2006 pending activity for the same week.  What do you think?


Footnote: Below is a table with the corresponding weeks and the dates they cover.  The week being measured starts on a Sunday so whether it is the end of the year or not, settlement dates can only take place on a business day since banks do not fund transactions on weekends.

*  Week 1: I can see the 2009 and 2010 probably have an extra day since the holiday for New Years Day might not have been on that Monday like the other years.

Week 1Week 3
2007Dec 31 - Jan 6Jan 14 - Jan 20
2008Dec 30 - Jan 5Jan 13 - Jan 19
*2009Jan 4 - Jan 10Jan 18 - Jan 24
*2010Jan 3- Jan 9Jan 17 - Jan 23
2011Jan 2 - Jan 8Jan 16 - Jan 22

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