Wednesday, November 18, 2009
Is there a correlation between selling price and number of days on market?
The graph represents San Antonio single residential home sales for January 2004 to June 2009 and was created to determine whether there's a statistical correlation between the selling price and the number of days properties stayed on the market. The result? With a correlation factor near zero, we can say that there is no correlation; in San Antonio high-price homes don't stay on the market longer than low-priced homes.