Real Estate Market Performance
Benchmark Price: The price of a “typical” home that would sell around the area at the time.
Days on Market Average: Gives us an idea of how quickly homes are selling.
Sales-to-Active Ratio: Helps determine whether it’s a seller’s, buyer’s or balanced market. Compares how many homes have sold in an area versus the amount of total active listings.
We use these statistics as indicators that tell us how the market is trending.