MEDIAN SALES PRICE
% OF LIST PRICE RECEIVED
Year over Year Comparison
MEDIAN SALES PRICE
PERCENT OF LIST PRICE RECEIVED
the statistics over the year before...but it's still
representative of a very good sign for the market.
DAYS ON MARKET UNTIL SALE
The reason is sort of clever, and completely
understandable: while many properties sold
very quickly in 2017, a good number of other
properties that sold had been awaiting their turn
for some time, thereby accumulating a
higher-than-average days-on-market statistic
with them until the time they finally sold. When
we plug in all those data-points, and average
them out, we come up with a slight increase in
In all, our outlook and predictions for 2017
pretty much came to be, and for 2018, we are
expecting more of the same positive momentum
in the marketplace. It should be a solid year of
sales with another nice increase in all the key
metrics such as median price, number of sales,
volume of sales, and maybe even that unusual
uptick in the days on market statistic.
Like you, we're mindful of and keeping an eye
on some factors that are "larger" than our market
such as tax-law changes, the political arena, and,
yes, even the dreaded Weather Channel. But,
despite those unknowns, we're bullish on the
new year, and are excited about how we can help
participants in it achieve their real estate goals.