Avg. Sale Price getting higher?

Wed, Aug 19, 2009

This graph shows the average SOLD price over time. Do you see the low dip and now the slow rise in selling prices? Does this act as evidence a bottom has already happened? Do you think the market has stabalized? Leave a comment and let me know!

Also interesting is the Days on Market (DOM). The average time it takes a property to sell right now is right around 80 days. This can be influenced by factors such as incorrect pricing, smelly/dirty/cluttered, poorly advertized, etc.

domchart_aug