Sales Price as a Percentage of Original Price & Average DOM
This graph represents the average*days on market, average list price, average sale price and the sale price as a percentage of the original listing price for each quarter over the past 3 years. (Sale price as a percentage of the original listing price calculation: sale price divided by list price and then multiplied by 100 to get the percentage.)
*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 properties this quarter was around 65 days, and that properties that sold were only getting an average of 99% of their list price and for that quarter that average was around $1.2m.