» month http://sarahiouslyspeaking.com Tue, 10 Aug 2010 16:42:58 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 The Market, Half Way Thru 2008 http://sarahiouslyspeaking.com/2008/07/the-market-half-way-thru-2008/ http://sarahiouslyspeaking.com/2008/07/the-market-half-way-thru-2008/#comments Fri, 11 Jul 2008 00:34:34 +0000 Sarah Stelmok http://sarahiouslyspeaking.com/?p=15 I make sure to send all of my clients market statistics on the 10th of every month.  But, sometimes this information is hard to interpret.  So, I’ve decided to put it all in graphs to make things a little easier.  I will be updating these graphs every month.  I will concentrate on my three biggest markets:  Fredericksburg City, Stafford County, and Spotsylvania County, and the three biggest influences on marketing a property:  Days on Market, Sales Price vs. List Price, and Months Inventory.  Please feel free to email me any suggestions or ideas for additional information you would like me to provide.

 

Days On Market – these graphs show the average days on market for the first half of 2008

Sales Price vs. List Price – this graph demonstrates the difference between the advertised list price and the price the home actually sold for

Months Inventory – this is also known as the absorption rate.  This is calculated by dividing the total number of homes on the market by the number of homes that sold the previous month.

 

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