Also a new measure I'm playing with.. The number of properties that have gone off market in a given month compared to the inventory at the time.
It seems to me that fewer properties are going off market every year. In a strong market that might indicate that the places are selling, but since we know they aren't, my theory is that people are losing confidence that the market will recover. Instead of pulling their properties and waiting for next year, people are hanging on and dropping their prices.
Also low sales and low off market rate == lots of stale listings out there.