When people ask us, “How’s the market?” there are four statistics we can point at to gauge its health. Here they are.
Everyone has been asking us about the real estate market lately. To give you the answer, we’re going to look at four different categories:
1. Sold homes. In 2017, we had about 4,000 of them. It’s been right around that mark every year since. We’re still on track for 4,000 home sales this year after having roughly 1,000 in the first quarter of 2020.
2. Median sale price. This is a measure of price where half the homes that sold were above it and half the homes that sold were below. In 2008, the median price was $623,000. In 2011, it dipped to $575,000. Today, we’re at $776,000 which tells us that the market is still stable and increasing.
3. Average sale price.
05/01/20 • -1 min
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