The Uxbridge Real Estate Market In Review - #4 In A Series
Real Estate Statistics are what they are - - -
A historical look at a cross section of the real estate market
When it comes to home sales and the real estate market we must look at all aspects of the statistics. Looking at average home sale prices for instance can be misleading, especially if you are looking at a small number of sales in a given time frame.
Seasonal Trends
The last post in this series looked at seasonal trends in the Uxbridge Real Estate Market which showed the relationship between sales new listings and active listings. Where it looked at seasonal trends such as the third quarter trends shown here the slide below.
The slide show below follows the three month trends on a monthly basis. The slides are overlaid so that you can see the changes as they happened month by month looking at the three month cycle.
Understanding the Statistics
Real Estate Statistics are what they are - - -
A historical look at a cross section of the real estate market.
They do not necessarily reflect what is happening in your area, your neighbourhood or on your street. They can be misleading if the number of properties for sale or sold in a given time frame is small.
For example in Uxbridge there are an average of 30 sales reported each month, if one or two of them were in the upper end ( over 1.5 million) then the average could be skewed upward. Conversely if a few properties in the lower end ($170,000) were to sell with out any high end sales the averages would be skewed lower. You can see the effects of this by looking at the average sale price for homes in Uxbridge over time
Understanding the Statistics
Other Posts In The Series
Just Click On The Arrows To follow The Series
The Real Estate Market Is Local
and sometimes hyper-Local
The best way to determine the Value of Your Home is a Comparative Market Analysis. To discuss today's local Uxbridge Real Estate Market Conditions, the current value of your home or the marketing of your Home please give me a Call or Text me
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