Our Sales Statistics
The goal of almost all sellers is to sell their house for as much money as possible in the shortest amount of time. The following information illustrates how well we meet this goal compared to the average of other realtors in the market. The following are three very important statistics every realtor should know. Each of these statistics compares our performance to the average of the market. The three statistics are, (1) Number of days a listing is on the market, (2) The ratio of sale price vs. list price, (3) The percentage of listings that actually sell. Below are the explanations as to why these three statistics are important, and graphs depicting our own personal statistics.
List Price to Sale Price Ratio - There are many factors that affect how much a home will sell for relative to its list price. The marketing plan and the ability of the agent to implement the marketing plan will affect the sale price, and where the home is positioned in the market, in terms of the initial list price, are just a couple factors.
Days On Market (DOM) - There is a strong statistical correlation and a general consensus among realtors that the longer a home is on the market, the less it will sell for. This conclusion could be skewed depending on if a home is listed in a declining or inclining market. In a declining market it is of the utmost importance to price a home properly, and sell it in as little time as possible to recognize the highest price, and ultimately the most cash in a seller's pocket. The marketing ability of the agent will also affect the number of days a home is on the market.
