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 Residential
Market Statistical Graphs and Explanations
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Number
of Listings
The Number of Listings shows the supply, or how many
properties are for sale. Is the inventory of listings
increasing or decreasing, and is it seasonal?
»Single
Family Home
»Condo/Townhouse
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Median
Price
The Median Price shows the price at which there were
an equal number of sales higher than or lower than that
price. Have prices been increasing, decreasing, and how
fast?
Single
Family Home Condo/Townhouse
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Number
of Sales
The Number of Sales shows the demand, or how many properties
closed escrow. Is the number of sales increasing or decreasing?
»Single
Family Home
»Condo/Townhouse
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Average
Price
The Average Price shows the sum of all sales prices divided
by the number of sales. Have prices been increasing,
decreasing, and how fast?
»Single
Family Home
»Condo/Townhouse
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Average
Days on Market
The Days on Market shows the average time it took from
the date the property went up for sale to the date it
had a sales contract. Is it faster or slower than normal?
Is the market speeding up or slowing down?
»Single
Family Home
» Condo/Townhouse
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Specific
Price Range Index
This is the Unsold Inventory Index for specific price
ranges of homes on less than one acre. The Unsold Inventory
Index is the most important predictor of future price
movement. It is the inventory of properties expressed
in time, or the current relationship between supply and
demand. For example, if there is a 6 - 8 month supply
of houses on the market, prices are stable. If there
is only a 4 month supply, prices usually increase. If
there is a 10 month supply, prices usually decrease.
» Single
Family Home
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Unsold
Inventory Index
The Unsold Inventory Index is the most important predictor
of future price movement. It is the inventory of properties
expressed in time, or the current relationship between
supply and demand. For example, if there is a 6 - 8 month
supply of houses on the market, prices are stable. If
there is only a 4 month supply, prices usually increase.
If there is a 10 month supply, prices usually decrease.
»Single
Family Home
»Condo/Townhouse
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