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Track the inventory to forecast where prices are headed. Less than a 3 month supply tells us that it’s a seller’s market and prices will rise. Conversely, more than 6 months tell us it’s a buyer’s market and prices will come down.
Economics 101 will tell you to compare supply against demand and that’s what this chart helps us to establish.
The median home price for a region set against the average list and sold price. Rising list prices indicate that homeowners and real estate agents feel bullish, flat list prices tell us the opposite.
How long will it take to sell your home? The average days on market helps us to guide your expectations as we promote and market your home to get top dollar.