As an update to my last post concerning home sales in Tenafly, I created a graph that breaks down the home sales activity for the following:
- a breakdown of all home sales for 2010 through 2011
- home sales ytd for 2012
- and the volume of listings and price breakdowns for all single family homes for sale in Tenafly…as of 5/1/12
This chart provides a clear look at the sales volume at every price point over the past several years. And we make it more interesting and valuable to compare the volume to the number of homes for sale in Tenafly.
My belief is that sales data is worthless and misleading when it’s not compared to past sales data. And to further understand what is happening, I break down the numbers at various sales prices which provides you with an even clearer understanding…and these numbers are all verifiable through the njmls.