Under Contract Properties
This chart shows the total number of properties where a buyer and a seller have come to an initial agreement during each month for the last 25 complete months. These properties are considered "in escrow". Real Estate Professionals monitor the number of Properties Under Contract as an early indicator of changes in the level of demand for properties. Because properties can take THIRTY (30) or SIXTY (60) days to close escrow, the number of Properties Under Contract is an early indication of changes to future demand as measured by "Number of Properties Sold".
An upward sloping trend line indicates an increase in the number of Properties Under Contract; a downward sloping trend line indicates a decrease in the number of Properties Under Contract; a flat trend line indicates there is very little change in the number of Properties Under Contract.
The percentage columns in the grid below the chart compare the beginning month of the report time period to the ending month. The arrow points up if the change value is positive (shown in green text) and down if the change value is negative (shown in red text).