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News you can use and don't forget to RSVP for our Feb meeting.

From: Barbara J.
Sent on: Monday, January 7, 2013 9:04 AM


Greetings all, below is the The ARMLS Pending Price Index™  report this report predicts future average and median prices based on reporting of contracts executed but not closed. The Index is available ONLY through ARMLS. No other statistics reporting entity has access to pending data. This unique predictive tool is made available to Subscribers in a PDF format for easy, efficient use and distribution at listing presentations or to a Subscriber’s entire clientele. This allows each Subscriber to be at the forefront of market intelligence for all his/her clients and customers.



The ARMLS Pending Price Index is a metric unique to ARMLS which forecasts pricing 30 days into the future based on pending property data inside MLS. Last month, the PPI predicted the median sale price to fall to $143,000, missing the actual median sales price of $153,000 by 6.99%. The November average sales price forecast of $194,200 missed the mark by 8.83% to land at $211,300. A similarly wide margin between the December prediction and the December actual occurred in 2011, perhaps driven by year end pressure to close by December 31.

PPI predicts the median sales price for January to land at $155,000. The average sales price is forecasted at $205,300


 Everything is a cycleand its time to start thinking about listing your properties,  feel free to call me for an listing appointment! And yes you get an investor rate for listing your property with me.


Best regards,

Barbara Quintana

Geneva Real Estate & Investments


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