The Median Price Remains Unchanged
The number of buyers looking at details of the properties available on one of my web sites is down* for the first half of the month from October 2010 but is up from September 2011 There has been a dip in the average price of homes viewed from last month which can be attributed to the lack of very high end buyers (over 2 million) but the median price remained exactly the same.
The two graphs below represent the average and median price range of homes that potential buyers are looking at on one of my web sites.
Buyers Activity Report 2011-10 Mid Month
Above - To Mid Oct 2011
Below - All of 2010
Remember The Real Estate Market Is Local And Sometimes Hyper Local
While charts and graphs can give you an indication of market trends they should not be used to determine value trends in relation to a particular home or vicinity. 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
*these graphs look at the activity on one of my web sites only some buyer activity has moved to one of my other sites due to some promoting we have been doing and this will be affecting the year over year numbers
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Kathy Clulow Sales Representative RE/MAX All-Stars Realty Inc.. Brokerage 905.852.6143
Each office independently owned and operated Not intended to solicit clients already under contract
Kathy,
Do you feel thatb this is representative of the market generally, or just your website.
Brian
HI Kathy,
Markets shift, and how both the industry and our clients uses information seems to be changing all the time, this week its stats, next week it might be floor plans, who knows, but as long as we provide the insight and assistance our clients need, you will always be able to add value to the customers
Brian - it reflects what potential buyers are looking at on my site ..... as you know most people often start looking months in advance of contacting us directly ..... to answer your question a more detailed analysis would be needed to be able to compare it with the buyers I am currently showing homes too ..... Barrie prepares these graphs for me from the stats he monitors as a look at where the market "may" be headed.
Peter and Linda - indeed they do ..... nothing is etched in stone as there are too many outside factors that keep the stone in motion.
Interesting... We are seeing lots of buyers sitting on the fence.. and waiting (not sure for what) just waiting.
Hi Kathy...not sure why we all focus on the average when the median is the true snapshot of what's happening
Joan - It's time for buyers in your market to get off the fence
Fred - I don't think of either as a "true" snap shot but rather indicators of "potential" trends.