To determine these rankings, the company's economic team «reviewed listing views by market as an indicator of demand and
median days on market as an indicator of supply.»
They used listing views as an indicator of demand, and
median days on market as an indicator of supply.
Not exact matches
In contrast, within Sonoma County, the
median time that homes were
on the
market as of February was 33
days.
As a result,
days on market has plunged to an all - time low, a
median of just 29
days, down from 39
days a year ago.
Consumers select their
market and the data they want, such
as days on market and
median sale price, and generate their own report.
The condo
market also boded well for Sellers
as the
median days on market stood at just 20
days and the
median sales price was $ 396,000, which was a 7 % increase from last year.
Number of Homes for Sale (
As of 12/22/17): 62Number of Homes Sold in November 2017: 23Average
Days on the
Market for Sold Homes in November 2017: 63
Median Price of Homes Currently for Sale (
As of 12/22/17): $ 539,995
Median Price of Homes Sold in November 2... Read More
The charts would show data points such
as homes for sale, average
days on market, months» supply of inventory, pending sales, and
median sales price, filtered by criteria such
as property type, distressed vs. traditional sales, price range, and neighborhood or ZIP code
For 2016, the
median number of
days on market (the amount of time it took for a property to sell) ranged from 44 in the winter to 14 during the peak summer months, but we have seen this drop to
as low
as nine
days during the years when there was little supply to choose from.
Data such
as the average per square foot cost of similar homes,
median and average sales prices, average
days on market and ratios of list - to - sold prices, among other criteria, will have a huge bearing
on what you ultimately decide to do.
Number of Homes for Sale (
As of 12/5/17): 77Number of Homes Sold in October 2017: 19Average
Days on the
Market for Sold Homes in October 2017: 62
Median Price of Homes Currently for Sale (
As of 12/5/17): $ 540,000
Median Price of Homes Sold in October 2017:... Read More
The
median days on market is another tool a home buyer can use in order to determine how likely it is that a seller will accept an offer at a lower price -
as it stands to reason, the longer the
market time, the more willing the seller may be to negotiate, than if they had only been
on the
market for a few
days.
Number of Homes for Sale (
As of 3/25/18): 86Number of Homes Sold in February 2018: 22Average
Days on the
Market for Sold Homes in February 2018: 77
Median Price of Homes Currently for Sale (
As of 3/25/18): $ 579,000
Median Price of Homes Sold in February 201... Read More
Median days on market are down 6 percent year - over-year and up 6 percent month - over-month at 75
days, which shows the season is naturally shifting to favor buyers
as inventory moves more slowly than in spring and summer.
The
median number of
days on the
market was also less than two months in places such
as Phoenix, Washington, D.C., Detroit, Minneapolis, Atlanta, Dallas, Orlando and Fort Lauderdale.
Rising inventory may unlock sales in severely constrained
markets such
as California's Silicon Valley, where homes spend a
median of 18
days on the
market, according to Redfin data.