The Statistics That Matter
This information is important to you for three reasons. First, you are looking to buy a home. Second, you are looking to sell a home. Third, you are a homeowner that wants to be informed about your area. Just remember if there is any other information you need, please feel free to reach out. Whether it’s a call, text, email, morse code or smoke signal, we can do it all. Except faxes, we don’t do faxes.
Average List Price
Average Sale Price
Average Days on Market
Median List Price
Median Sale Price
Median Days on Market
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Whether you are looking to buy or sell, we are here to help. If you need to see a home for sale, feel free to contact IG Bailey & Co. We can show you any home for sale, not just the ones we have listed, even For Sale by Owner homes.
If you need to figure out the price of your current home before looking at new homes, you can get a cma. This is a quick and automated process. This is sort of like a Zestimate from Zillow with a few distinct differences. Our automated valuation is NOT powered by unicorns and fairy dust. We use actual real time data to give you the most accurate price for your current home. In many cases, this is a big range. In order to get a precise idea of what your home could sell for, we will have to send one of our experts to come take a look. Don’t worry, this is painless and no obligation.
Market Activity Report
This is the market activity report. It’s full of all sorts of information. This includes homes for sale, homes that are pending, and homes that have sold. This is what you need to understand the real estate market in a given area. If you need the market activity report for another area, please request a market activity report.
What's For Sale in 40223
What's Pending in 40223
What Sold in 40223
What is Average List Price?
What is Median List Price?
What is Average Sales Price?
The Average Sale Price is the average of all the homes that have sold. To get the Average Sale Price add the sale price of homes that have sold for a given area and time period. Next, divide by the number of sales.
For example, four homes have sold in a given area. in a month The list prices are $276,000, $257,000, $438,000, $199,900. The total value of all four homes is $1,170,900 Divide $1,170,900 by 4 (number of homes that sold) and the Average Sale Price is $292,725.
What is Median Sales Price?
What is Average Days on Market?
What is Median Days on Market?
What is Absorption Rate?
Absorption rate is how many months it would take for the current homes on the market to be depleted. Let’s say 70 homes are for sale, 7 of them sell in one month. That would mean there is currently 7 months of inventory.
This number is great for determining whether you are in a seller’s or buyer’s market.
An absorption rate of less than 6 indicates a seller’s market. More buyers are looking for a home than sellers are willing to sell. An absorption rate of above 6 indicates a buyer’s market. More sellers are willing to sell than buyers are looking for a home. An absorption rate of 6 means the market is balanced. Roughly their are the same number of buyers and sellers.