A frequently asked question from home sellers
before listing their home for sale is related to the local real estate
market. There are many market indicators that we will be able to share
with you to help explain the condition of the local real estate market.
One of the most
important indicators on market conditions is average days on the market.
The average days on market can indicate to a seller how quickly
homes are selling when listed for sale.
Other examples of market
condition indicators that we will provide a home seller before listing their
home include market
absorption rates, number of closed transactions year-over-year
for a given month, average sale prices, and average list price to sale price
ratios.