Average Sales Price and Average Days on Market
This graph represents the average* sales price of homes and average number of days listings spent on the market for each quarter over the past 3 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, using Q4'13 as an example, we can see that the average days on market for that quarter was around 63 days and that the average sales price was around $1.2m.