Zolo's real estate market trends gives you a real-time look at the housing market. If you're wondering about your 's average house price, housing inventory, or how long a home stays on the market for, all this has now been broken down for you. Our home price data is continuously updated. This report analyzes sales history between December 23 - February 17 and compares it against the same period last year. Along with all these real estate statistics is a ranking of every in the area based on their home sold price, price growth, days on market, and turnover. With all this content, you'll be prepared with both a comprehensive view of the local housing market and a glimpse of the as a whole. All this data is intended to give you a thorough understanding of both the local and the area, so that ultimately, you'll be able to make a well-informed decision about where you'd like to live. As well, using other handy MLS stats like the MLS Home Price Index will give you a more panoramic view of the housing market.
Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.
A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the Realtor submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.
Data is reported in 4 or 8 week periods.
28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.
Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."
