how many deals fail to close?
Does anyone know where we can see statistics on the number of accepted offers that fail to close? It would be very interesting to see how the rate of successful closings has changed over the years. Were there spikes in failed closings at previous market highs?
Actually, what exactly do the sales statistics cover? Do they ONLY include deals that actually close? Maybe S-Crow might have some insight as to what the trends have been for failed deals after they go into escrow (i.e. are more deals failing today than in recent years).
Actually, what exactly do the sales statistics cover? Do they ONLY include deals that actually close? Maybe S-Crow might have some insight as to what the trends have been for failed deals after they go into escrow (i.e. are more deals failing today than in recent years).
Comments
I believe this would be the best available information for the stat you want.