Park Slope Rolling Home Sales
What is Rolling Sales Data and its significance?
Refers to set data points (i.e. sales figures) that is continuously updating for the most recent data while eliminating oldest data in a moving window of time. Doing so creates a snapshot which illustrates various trends at that given time. We use this data to understand what happened recently and compare the newest and oldest dataset to forecast continuing trends in the market and better serve our clients.
Year over year February 2025
January’s market conditions from a year over year ("yoy") perspective for the Park Slope market.
Total Sales Inventory yoy ~11.92% decrease in inventory
February - Total Sales Inventory "yoy"
Median Days on Market yoy ~11.43% decrease in days on market
February - Median Days on Market "yoy"
Spring is around the corner and we know not because of groundhogs, but the transaction data coming in. For the month of February Inventory levels are bouncing away from 12 month lows, and days on market sharply declined more than half ~31 day. I try not to look data month by month and have a strict dependency on the incoming data. At face value it looks like it looks like the bottom is in and real estate will sell like hotcakes. However, taking a step back looking at larger time frames I believe we are at the beginning of activity picking up for 2025. Expect more listings to come on market and a general buzz with real estate again.
Transactions will pick up and this is the time to get your home in order if you are looking to take a step purchasing and selling real estate a shift in the market is happening and you should get ready for it!
If you have any questions or looking to sell or buy Park Slope real estate. Please book a call or contact me!
