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10 Vital Statistics for Real Estate

Every home buyer has his/her own approach to pricing a home. Some are more informed, some less. Some are more logical and others more emotional. As an agent, it's not my decision what offer price goes on the contract but it is my job to inform and educate buyers on market conditions. There are many measurable variables that go into determining home values. Here are my top ten market variables, followed by a link to the current figures.

1. Total Number of Listings on the Market
2. Average List Price
3. Average Sale Price
4. List Price vs. Sales Price Ratio
5. Average Days on the Market
6. Number of Sales YTD
7. Number of Expired Listings
8. Overall Appreciation/Depreciation
9. Number of Months of Supply
10. Current Interest Rate

I've put together a report with these values for Glen Rock, Ridgewood and Bergen County as a whole. Click here for the report.

Posted Thursday Sep 23