The chart below illustrates the days on the market with a red trend line on the right axis and the list price and sales price trends in the dark blue and pink lines on the left axis. The list price and sales price trend remain steady. The days on the market trend shows it is taking longer to sell homes, but overall the prices are remaining fairly steady. The seasonal nature of the market is clearly evident as the spring and summer months have the shortest marketing times and the months of December and January account for the longest marketing times.
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The research done to gather the data contained in the graph above involves examining thousands of listings. With this much data inaccuracies will occur. Care is taken in gathering and processing the data and information within this report is deemed reliable. IT IS NOT GUARANTEED. The real estate market is cyclical and will have its ups and downs. Past performance cannot determine future performance.
Centennial Appraisal Group, Inc. provides residential real estate appraisal, trend analysis, and consulting services. www.CentennialAppraisalGroup.com 303-816-1721 ph.
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