Here is a snapshot of the homes for sale, pending, and sold. Using this graph, you can compare the most recent month’s trends with that same month from one year ago. Comparing our market this year vs. last year gives you some sense of the health of our market, but remember, there are always hidden factors and trends that might be influencing these stats. For a more complete picture of our market, or how your home might be influenced by our local trends, please give us a call.
Days on Market - Sold to List Price
This graph shows the average days on market, which means the number of days from the date a property is listed, until the property goes Pending. It's good to note there are usually anywhere from a couple weeks to a couple months between the date a property goes Pending to the date the sale actually closes. The graph also shows the average difference between the listing price and the selling price of a property as a percentage of list price.
Keep in mind that the better you price your home, the quicker it should sell.
Average Price for Sale and Sold
This graph shows both the average price of the homes for sale in any given month, and the average price sold in any given month and the relationship between the two.
Months of Inventory
This graph shows how many months supply of inventory we have based on pended homes. In other words, if no new listings were taken, how many months it would take until all properties were pending or sold. Six months of inventory is considered an average healthy market.