Real estate data can feel intimidating, but understanding the basics helps you make confident decisions. You do not need to be an economist — just know what to look for.
Start with average sale price. This shows market direction but should be viewed by property type and location. Detached homes, condos, and townhomes can perform very differently.
Next, check days on market (DOM). Shorter DOM suggests a seller’s market, while longer DOM indicates more buyer negotiating power.
List-to-sale price ratio tells you how close homes are selling to their asking prices. If homes sell at or above list, demand is strong.
Pay attention to inventory levels. When supply is low, competition increases. When listings rise, buyers gain more leverage.
Finally, ask your realtor to help interpret the data for your specific neighbourhood. Raw numbers are useful, but local context is everything.
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