Days on Market vs. Sale to List Price in Niagara

The following chart looks at the number of MLS property sales in the 12 months between April 1, 2013 and March 31, 2014 in the Niagara Region. It also displays total number of sales plus:

  • Number and percentage of sales within a given number of Days On the Market (DOM),
  • Average sale price to reduced list price and list price at time of sale,
  • Average sale price to the original list price.

Total No. of Properties Sold: 5,350
Timeframe: April 1, 2013 to March 31, 2014

Days on Market

No. of Sales

% of Total

Avg. Pr. to Reduced List Price

Avg. Pr. to Original List

0-30

2,280

42.6%

97.0%

97.0%

31-60

1,202

22.5%

96.0%

94.0%

61-90

718

13.4%

95.0%

92.0%

91-150

642

12.0%

95.5%

91.5%

151-240

549

6.0%

95.3%

90.0%

241-330

108

0.67%

95.0%

88.7%

331-360

11

0.30%

95.0%

87.0%

Source: Niagara Association of REALTORS® FUSION Software--
though deemed reliable cannot be guaranteed.

The largest number of sales—2,280 or 42.6% of total--transpires within the first 30 days of properties getting on the market. These properties sold within an average of 97% of both list price and original list price.

The 2nd largest number of sales—1,202 or 22.5%--took place within the next 31 to 60 days on the market. Here the average sale price drops to 96% of reduced list price and 94% of original list price.

0 to 60 days represent 65.1% of total sales.

List prices start reducing after 30 days and the variance between sale price and original list price increases noticeably over time.

Eugene Pilato

Eugene Pilato

Broker of Record
CENTURY 21 Today Realty Ltd., Brokerage*
Contact Me

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