The median sales price is a key indicator of the local real estate market's health. It represents the midpoint of home sales, meaning half of the homes sold for more and half for less. This statistic can help buyers gauge what to expect in terms of home prices and can assist sellers in pricing their properties competitively. In the interactive chart below, you can explore the median sales price trends over time, allowing for a clearer understanding of how the market has evolved. 

Inventory, or the number of homes available for sale, plays a crucial role in the real estate market. A higher inventory typically indicates a more balanced market, where buyers have more options to choose from, while lower inventory can lead to increased competition among buyers. Monitoring inventory levels helps both buyers and sellers understand market dynamics and make informed decisions. In the chart below, you can track the trends in inventory over time, revealing how availability has shifted in our local market. 

Average price per square foot is a key metric that reflects the cost of a home relative to its size. It is calculated by dividing a home’s sale price by its total square footage, providing a standardized measure for comparing properties of different sizes. This statistic offers valuable insights into market trends, helping buyers assess property values and sellers price their homes competitively. An increase in the average price per square foot often indicates rising home values and strong demand, while a decrease may suggest a cooling market. The chart below illustrates trends in the average price per square foot over time, allowing you to track shifts in property values and market conditions. 

The average days on market (DOM) metric provides insight into how long homes typically remain available before being sold. This statistic is essential for understanding the pace of the local real estate market. A shorter average DOM often indicates a competitive market, where homes sell quickly, while a longer DOM may suggest a slower market with more cautious buyers. By examining this data, both buyers and sellers can gauge how fast homes are moving in their area. In the chart below, you can explore trends in average days on market, allowing you to see how this figure has changed over time. 

Closed sales represent the total number of homes that have been sold within a specific timeframe, making it a key indicator of market activity. This statistic provides valuable insights into buyer demand and overall market health. An increase in closed sales typically signifies a strong market, where buyers are actively purchasing homes, while a decrease may indicate a slowdown. By analyzing trends in closed sales, both buyers and sellers can better understand the dynamics at play in their local market. The chart below illustrates the number of closed sales over time, allowing you to track changes and patterns in market activity. 

The average percent of the last list price is an important metric that reflects how much homes are selling for compared to their final asking prices. This percentage provides insights into market conditions, indicating whether homes are selling at, above, or below their listed prices. A higher percentage suggests a competitive market where buyers may be willing to pay close to or above the asking price, while a lower percentage may indicate negotiations or adjustments in pricing. By examining this data, both buyers and sellers can better understand market expectations. The chart below displays trends in the average percent of last list price over time. 

New listings refer to the number of homes that have been added to the market within a specific period. This statistic is crucial for understanding the flow of inventory and overall market activity. An increase in new listings can signal a growing supply of homes, which may benefit buyers looking for options, while a decrease may indicate a tighter market. Tracking new listings helps both buyers and sellers gauge the availability of homes and potential competition. The chart below displays trends in new listings over time, providing insights into how the market's supply is changing.

Showings per listing measure buyer interest by tracking how often homes are being viewed. This statistic is essential for assessing demand in the market—higher showings per listing suggest strong buyer activity, while lower numbers may indicate a cooling market. Understanding this trend can help both buyers and sellers make strategic decisions. The chart below provides a real-time look at showing activity, offering insight into current market dynamics.