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

Marrying Age

People get married at various ages, but there are definite trends that vary across demographic groups. What do these trends look like?

How You Will Die

So far we’ve seen when you will die and how other people tend to die. Now let’s put the two together to see how and when you will die, given your sex, race, and age.

Reviving the Statistical Atlas of the United States with New Data

Due to budget cuts, there is no plan for an updated atlas. So I recreated the original 1870 Atlas using today’s publicly available data.

The Best Data Visualization Projects of 2011

I almost didn’t make a best-of list this year, but as I clicked through the year’s post, it was hard …