With Zolo's real estate market trends, you'll get real-time data on Rural King's housing market. Get real estate stats on average house price, housing inventory, and average days on market. Our home price data is constantly updated. This report covers sales history between October 13 - December 08 and compares it against the same period last year. In addition to all these real estate statistics, at the end of our report is a list of all neighbourhoods, ranked based on their home sold price, price growth, days on market, and turnover. This way, not only do you get a comprehensive glimpse of the Rural King housing market, but you also get to see how it stacks up against other neighbourhoods. All this information is intended to give you a thorough understanding of both the local Rural King and the King area, so that ultimately, you'll be able to make a well-informed decision about where you'd like to live. To compare this neighbourhood to the city of King, take a look at King's trends page. Enhance your real estate research by combining Zolo's market report with other MLS stats, such as the MLS Home Price Index.
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."
