More data manipulation… I’ll include median prices and DOM going forward with the rest of the data that I present.

Median sales price for Apr ‘06 through Sep ‘06 was $310,000.
Median sales price for Apr ‘07 through Sep ‘07 was $314,500.

Hope this is useful.

Do you have median sale prices for the two time periods?

Thanks,
Dan

Sorry, I was being slightly lazy. Average DOM has to be exported from MLS and then manipulated in Excel. But, you persuaded me.

There are currently 221 Active properties. I took out about 11 of them because they are new construction lots (mostly Old Stone Crossing) that have been on the market for over a year and what I would consider outliers.

If you look at the “normal” inventory, the average days on market for Active listings is 67 days. So, what that says to me is that the market is slowing somewhat, and there is quite a bit of stale inventory out there. Much of this is caused by prices being too high which is either attributable to 1. homeowners being unrealistic about the current market or 2. agents “buying” listings.

Hope this helps. Thanks for motivating me!

Any chance on getting an average days on market for the active today column?

Sujal