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Statistics are compiled from listing information included in the RealTracs Solutions MLS. This listing information may not include FSBO property or property sold by non-member licensees.

Median Sales Price

Median Sales Price is calculated by looking at a list of prices and selecting the value that lies right in the middle. This number is not an average but may more-accurately represent the group of numbers since extremely high or extremely low values are not considered as part of the calculation.

For example, in a list of five numbers such as [$1, $2, $3, $4, $5], the median price would be $3 since it is the number in the middle of the list.

Statistics are compiled from listing information included in the RealTracs Solutions MLS. This listing information may not include FSBO property or property sold by non-member licensees.

Inventory

The "Homes for Sale" graph represents the inventory of homes available for buyers.

When this number is abnormally high, we have a "buyer's market." Statistically, sellers may be seen to consider offers below their asking price and their homes may be listed longer than anticipated while they wait for a buyer.

When this number is abnormally low, we have a "seller's market." Statistically, homes sell faster, sellers may be considering multiple offers, and homes may sell more often at or near their asking price.