South Shore Overview

Median Sales Price

The median price per square foot is the halfway point. It is the middle price point. It means half the homes sold above the median and half sold below the median. It is often used as a more accurate measure of value; although it's better than a mean pricing, especially when there are extremes. However, it, too, is not a total picture.

Median Days on Market

The median days on market is of great importance.  Time on market is a function of pricing.  For example if a home is listed "high" it will take longer to sell than a home that is listed "low".  This chart shows the length of time a properly priced home takes to sell compared to the same months in the previous 2 years..

Number of Homes for Sale

This chart shows the current competition in the neighborhood compared to the same month in the previous 2 years.  The higher the number of homes listed, the more aggressive a home must be priced to sell quickly.

Homes Under Contract

This shows the number of homes currently under contract in the neighborhood compared to the same month the previous 2 years.

Number of Homes Sold

This shows the number of homes that have sold in the neighborhood compared to the same month in the previous 2 years.

Months Supply

Months Supply shows how many months it will take to sell all the homes if nothing else is listed.  This isn't an exact science as no one can tell the future, but it is a good indicator. This chart compares the months supply for this month compared to the previous 2.  The lower the number the faster homes are selling.