Average Price is calculated by dividing the number of homes sold by the total dollar amount of the sales. Average price is not a true measurement of appreciation/depreciation but shows trends.
Median Price is the middle price point of all homes sold. Said another way… half the homes sold for more and half the homes sold for less. A good indicator of housing price trends.
Home Inventory helps identify trends in supply and demand in the market.
The Absorption Rate is a measurement of Supply vs. Demand. It is calculated by dividing the number of homes sold in a month by the number of homes on the market. A higher number equates to more supply and a lower number means less supply. A 6 month supply is generally considered a Balanced Market, where a Sellers Market would be a situation that the supply is much less than the 6 months and a Buyers Market would be when the supply is much greater than 6 months.
Days on Market is another good indicator of Supply vs. Demand trends. It is number of days a listing is active in MLS before it is Pending. Average days on market is calculated by adding days on market of all listing and dividing by the number of listings.
The Listing Price to Sale Price Ratios give us an indication on how much (on average) homes prices are being discounted off the listing prices. This chart shows us both the discount from Original Listing Price to final sale price, and also List Price (at time of contract) to final sale price.