Thursday, January 5, 2017

The Current Average For Sale Price, Average Sold Price, and Median Sales Price for Lenexa, KS

The Current Average For Sale Price, Average Sold Price, and Median Sales Price for Lenexa, KS




Average Price For Sale & Sold Report


What Does Average Price For Sale & Sold graph mean?
  • The Average Price For Sale is the average of list price of the properties for sale in a particular month. The Average Price Sold is the average of sold price of the properties sold in a particular month. Displaying both the Average Price For Sale and Average Price Sold line charts in a graph portrays the relationship between the on and off market pricing.
What Does Average Price For Sale & Sold Report Do?
  • It helps determine whether the market is a buyer or seller market. If the average listing price and average sold price are the closest, the area has the healthiest market.
  • It helps identify where the softest market is and where the buyer can find the biggest price concessions.
  • It helps determine if there is any change in property value for a specific area.
How to Use Average Price For Sale & Sold Report?
  • Refer to For Sale vs. Sold Report for the number of properties sold. If a very expensive or very cheap home has been sold, these statistics can be skewed up or down, and the trend line can fluctuate with less consistency.
  • If the average sold price is below the average listing price, and falling, the market is moving toward a buyers' market. If the average sold price trend is up or above the average listing price, the market is moving toward a sellers' market.



Lenexa, Lenexa KS, Lenexa Kansas