I really think one of the leading indicators in our monthly chart is the average days on market. If you only watch that you will have a great idea about the pace of the market. A few weeks ago interest rates jumped dramatically and it will be very interesting to see what effect that will have on the market.
|Sold Dollar Volume||$6,739,579||$5,831,000||15.58%|
|Avg Sold Price||$293,025||$323,944||-9.54%|
|Median Sold Price||$259,794||$315,000||-17.53%|
|Avg Days on Market||41||78||-47.44%|
|Avg List Price for Solds||$292,852||$330,739||-11.46%|
|Avg SP to OLP Ratio||98.6%||97.0%||1.67%|
–Courtesy of Jason Martin, a real estate professional & resident of Southwest. He may be contacted by phone at (202) 641-0299 or by e-mail at email@example.com.