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Average Sold Price – The average gross price for homes that closed during that period.
From this chart you can see how many transactions or sales happened per month.
The Average Sales Price is the sum of the total sales dollar volume divided by the total number of units sold.
If you would like to see the ACTUAL Avg Sales Prices - download our report to get a more accurate understanding
When looking to buy a condo a lot of people will look at Average Price per square foot to get an idea of average price per sqft for a condo unit. Keep in mind that each condo may have different updates, upgrades finishes, or other benefits like extra garage spaces, storage unit, different layouts etc.
Keep in mind these are just numbers and they only show 1 side of the data! There is a lot more that goes into analysis than just numbers but it is a starting area!
Original List Price - Original list price is the initial price the listing was put on the market at. While a price can be reduced over the time a property is for sale, the original list price is used in this calculation to compare to the Final SOLD price - which is the final price - and does Not include subsidy!
At 100% - Sellers got the price they listed the home for. Anything below that shows that they didn't get the originally listed price. So if you see 90% for a 500K originally listed price - it means the Sellers got 90% of $500K or $450K.
Days on Market: Calculation based upon the number of days a property is listed before receiving a contract. It is calculated based upon the property and accumulates between listings. It is the total number of days from the date when a property first comes on the market (list date) to the time is taken off the market due to a sale (contract date) or off market condition (off market date).
Basically how long did it take to sell!
Months of Supply (also known as "Months Supply of Inventory") tells you how many months it would take for all the current homes for sale on the market to sell, given the sales rate for that market.
4 to 6 Months is generally considered a balanced market; less than 4 months a sellers' market as there are more buyers than homes available; more than 6 months can be considered a buyers' market as there are more homes for sale than buyers to purchase them.