How long it takes for house prices to drop

Posted to Maps  |  Tags: , ,  |  Nathan Yau

Shopping for a house? Sometimes it can be advantageous to wait a while, and the price of the house you’ve had your eye on might drop. It’s all about getting the most for your money, right? The Trulia Price Reductions Map can help with that. It shows the average number of days until house prices tend to drop for the first.

Yellow areas on average stay the same price for 120 days or more. Blue areas change after about 30 days. You can also view average percent reduction and the probability of a second reduction.

The maps are speckled, but zoom in on major areas, and they look more like maps of where people want to live. This makes sense since houses will usually sell quicker in areas where people want to live. If a house isn’t purchased right away, then it’s probably priced too high. Conversely, areas where there aren’t many potential buyers to begin with will wait longer before reducing housing prices.

[Trulia via The Big Picture | Thanks, Barry]

1 Comment

Favorites

The Changing American Diet

See what we ate on an average day, for the past several decades.

Divorce Rates for Different Groups

We know when people usually get married. We know who never marries. Finally, it’s time to look at the other side: divorce and remarriage.

A Day in the Life of Americans

I wanted to see how daily patterns emerge at the individual level and how a person’s entire day plays out. So I simulated 1,000 of them.

Causes of Death

There are many ways to die. Cancer. Infection. Mental. External. This is how different groups of people died over the past 10 years, visualized by age.