Deep Dip Days On Market

Sold Price

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For this slide I sorted our listings by Sold Price. The DOM number for each group is the Median for that group. Note, the Median Sold Price for all the listings was: $690,000 The $300 K group includes all listings that sold from $1 through $300 K . It is interesting that these lowest priced listings did not sell the fastest. I assume that at this price point these properties did not have features of interest to a large number of buyers.

Note, this group represents only 1% of the sold listings. The $400 K -$700 K price groups represents more than half of the sold listings. For all four, the Days On Market Medians are below the overall Median of nine. The Days On Market Medians for the $800 K and $900 K price range were noticeably higher than the previous group – almost double.