Average Asking/Sold/Unsold Price
This graph represents the trends in average* asking price, average sold price and average unsold price (active list price) for each month for the past 2 years.
*Average: The average number is the calculated ‘central’ value of a set of numbers. To calculate an average value, all numbers in a series are added up and then their sum is divided by the total number of values in the series. E.G.: 1,3,5,6,9 – the average is (1+3+5+6+9)/5 = 4.8.
Example:
When looking at this graph, in October 2017, the average active list price for unsold properties was around $510,000. Also, the average asking and sold prices were roughly the same, around $340,000.