Market Statistics
| Market Statistics - Number of Sales |
- Number of Sales: This is the total number of recorded residential sales for a particular month, in the “Ridgeview at Stetson Hills” neighborhood. This number varies on a seasonal basis but is especially valuable when compared to historic data. This statistic gives us a strong sense of the market’s health.
- Median Sales Price: Although similar to average sales price, the median sales price finds the middle number of the sales data set. In other words there are as many homes above the median as below. This statistic gives us a sense of what the overall value trend is for a particular area. By watching this number, we can get an overall sense of what direction the market is heading.
- Median List Price: This is an important number because it is a good indicator of what direction Brokers and Home Sellers think the market is heading. Since median is the absolute middle of our market it shows what is selling. A lower median number generally indicates that a greater volume of lower priced homes are selling. Many buyers confuse a lower median number with the overall value of the market.
- Listing Discount: This is the average percent difference (plus or minus) between asking price and selling price. This is the percentage sellers have come off of their asking price to make a sale happen.
- Average Days on Market: This is a measure of how many days it took a home to sell. This is an important number because it shows how long the average home takes to sell. When we see homes that have a significantly higher number of days on market then the average, we tend to look for red flags. This number only reflects the Days on Market for homes that have Sold/Closed for the month. This statistic is very price sensitive, the higher the price range the longer the days on market tends to be.