Average Sales Price and Average Days on Market
This graph represents the average* sales price of listings and the average number of days listings have spent on market for each month over 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.
When looking at this graph, the average sales price in October 2017 was about $340,000 and the average days on market (DOM) was about 35 days.