Average Price For Sale  & Sold Report:

• Average Price For Sale & Sold
• Median Price Sold
• Average Prices & Median Price

Average Price For Sale & Sold Report

What Does Average Price For Sale & Sold graph mean?

• Average Price For Sale is the average of list the price of the properties for sale in a particular month. Average Price Sold is the average of the sold price of the properties sold in a particular month. Displaying both Average Price For Sale and Average Price Sold line charts in a graph portrays the relationship between on and off market pricing.

What Does Average Price For Sale & Sold Report Do?

• It helps determine whether the market is a buyer or seller market. If the average listing price and average sold price are the closest, the area has the healthiest market.
• It helps identify where the softest market is and where the buyer can find the biggest price concessions.
• It helps determine if there is any change in property value for a specific area.

How to Use Average Price For Sale & Sold Report?

• Refer to For Sale vs. Sold Report for the number of properties sold. If a very expensive or very cheap home has been sold, these statistics can be skewed up or down, and the trend line can fluctuate with less consistency.

If the average sold price is below the average listing price, and falling, the market is moving toward a buyers’ market. If the average sold price trend is up or above the average listing price, the market is moving toward a sellers’ market.

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