Many times a picture is worth a thousand words.
Note that Avg DOM = Average Days on Market.
Keeping things in perspective is so important when looking at market data. I was out with a client this last week who was asking how are sales vs last year. So I decided to look at the last 3 months of sales and add in June of last year.
Under Contract: Note we are seeing less as the season (Spring to Summer) tightens. We are still off of a year ago.
Sold: We are rising but still not at the level of a year ago.
DOM: We are very close to a year ago... This is a good thing.
Note: this is just a snapshot and each area and even each neighborhood is unique. Let me know if you have any questions?
About The Author
Charles McDonald, Associate Broker at RE/MAX Assured Properties and dedicated Buyers Agent is the author of this blog, and several other sites on the Internet. Charles and his group of experts in the Charlottesville area are always available to help you with your Real Estate needs. Call our group anytime at 434-981-1585 or to search for homes visit: Charlottesville Real Estate
Copyright © 2009 Charles McDonald, All Rights Reserved.
;)
;)
Charles. I like your market stats. Good to see the sales are getting somewhat better in June, even though it is not much.