
I read this article in the Journal News yesterday:
Westchester, Putnam sales still slipping. I created this chart using data from an on-line database (link below). Your assignment is to create your own chart from the data, upload it to your blog and make an observation about it.
- Follow this link to reach the on-line database of real estate statistics over the past ten years.
- Copy the table into an excel spreadsheet.
- Make a chart from the data.
- Upload it to your Blog and make an observation about the data and analyze it.
Observation & analysis example using the chart above:
I didn't realize there is a seasonal pattern to the median housing prices in Westchester. It seems the highest median price occurs in the 3rd quarter of each year. The market demonstrated significant growth over the 1st seven years, but it levelled off over the last three. This is the first time there was a drop in the 3rd quarter prices from the previous year. With the finanacial mess that has happened in September, I wouldn't be surprised if 4th quarter figures for 2008 repeat the negative growth of the 3rd quarter.