Single Family Homes - Charlotte County
Charlotte County
For sellers and buyers, it is imperative to be acquainted with the market you are entering or exiting. The information on this page gives you this insight and helps you make better decisions.
Medium Sale Price last 2 years
This graph shows the direction in price. In an uptrend Sellers can theoretically list for above average and wait for the market to catch up. Opposite is true for sellers in a downtrend. There is no time to waste and price must be spot on to be sold or price might decline further.
Medium Days on Market last 2 years
This graph will quickly tell you if the market is getting active or is slowing down. A market getting up in speed (fewer days on the market) is excellent news for sellers who can plan for better prices, while a slowing market (more days on the market) provides buyers a better chance to purchase at a lower price. When sellers are impatient, they are likely to start competing on price to attract buyers.
Active Listings last 2 years
Trend up: More sellers – fewer buyers – price decrease pressure
Trend down: Fewer sellers – more buyers – price increase pressure
Pending Listings last 2 years
Trend up: More buyers are coming to town – price up pressure
Trend down: Buyers more reluctant to buy – sellers might lower price
Supply and Demand last 2 years
Trend up: More sellers – fewer buyers – price decrease pressure
Trend down: Fewer sellers – more buyers – price increase pressure
Average Sq.Ft. Price last 2 years
Trend up: Expect price to increase on properties
Trend down: Expect price to fall on properties
Average Sales Price to Original List Price last 2 years
Bidding War vs. Low Ball Offers. This graph shows the competition among buyers. This answer the question if sellers can expect full-price offers or even bidding wars.
A score above 100 is in frenzy territory, where homes sell fast and bidding wars are common.
Below 90 shows a market where sellers are overly optimistic, but buyers have the upper hand and plenty of choices. Buyers often low ball offers in hope sellers will accept. Buyers have plenty of choices and if a seller will not budge, there is another property.