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Wednesday, 26 December 2007
As you can see from the table below, the listing price of a home can directly influence the days one might expect a given home to remain on the market until it sells. While every home and neighborhood is unique, these figures can give us a glimpse into how long a home that is placed for sale on the market in North Texas today might take to sell within a particular price range. This does not mean that your home (providing it was on the market) would necessarily fall within the particular DOM for a given price band. This information is merely intended to present the influence and relationship of pricing to DOM so that a real estate agent and a home owner can make better marketing and pricing decisions. As with all averages, there are extremes at the upper and lower ends of the data range and this should be considered when weighing the importance of the information in the table.
A local real estate agent should be consulted for best results in interpreting this and all data with regard to listing, selling and pricing. The Christian Group would be happy to assist you by conferring with you over the phone or by visiting with you at your home to give you a consultation on the best way to sell your property in the shortest possible time and at the highest possible price using the most up to date market statistics.
I hope you enjoy our website and the information presented in the table below.
Regards,
Bernie
Area Market Survey
|
| MLS Listings as of 12/26/07 |
| |
| Sold |
| Selling Price Range |
Quantity |
Average DOM |
|
| $19,999 or under |
47 |
66 |
|
| $20,000 thru $29,999 |
5 |
98 |
|
| $30,000 thru $39,999 |
9 |
98 |
|
| $40,000 thru $49,999 |
6 |
55 |
|
| $50,000 thru $59,999 |
14 |
107 |
|
| $60,000 thru $69,999 |
7 |
99 |
|
| $70,000 thru $79,999 |
9 |
51 |
|
| $80,000 thru $89,999 |
12 |
68 |
|
| $90,000 thru $99,999 |
14 |
96 |
|
| $100,000 thru $119,999 |
28 |
59 |
|
| $120,000 thru $139,999 |
33 |
154 |
|
| $140,000 thru $159,999 |
29 |
87 |
|
| $160,000 thru $179,999 |
27 |
151 |
|
| $180,000 thru $199,999 |
21 |
99 |
|
| $200,000 thru $249,999 |
28 |
76 |
|
| $250,000 thru $299,999 |
13 |
90 |
|
| $300,000 thru $349,999 |
3 |
8 |
|
| $350,000 thru $399,999 |
9 |
155 |
|
| $400,000 thru $449,999 |
5 |
42 |
|
| $450,000 thru $499,999 |
2 |
57 |
|
| $500,000 thru $549,999 |
1 |
495 |
|
| $600,000 thru $649,999 |
2 |
219 |
|
| $650,000 thru $699,999 |
1 |
414 |
|
| $850,000 thru $899,999 |
1 |
18 |
|
| $1,250,000 thru $1,499,999 |
1 |
145 |
|
| $1,750,000 thru $1,999,999 |
1 |
205 |
|
| $2,500,000 thru $2,749,999 |
1 |
480 |
|
| |
329 |
98 |
|
|
| |
| Summary Price Information |
| Minimum |
$500 |
Maximum |
$2,573,500 |
| Average |
$157,441 |
Median |
$125,000 |
|
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