Market Conditions for Ogema - March 2020 | Shorewest Realtors®
March 2020

Market Conditions for Ogema

Median Sale Price Graph

Median Sale Price

The median sale price for homes in March was $0. The median sales price for homes in March did not change $0 compared to last month. Compared to the same month last year, the median price of homes did not change $0 representing a % year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale rose by 2 in March to 10. This represents 25% increase from January when 8 homes were on the market. Compared to the same month last year when there were 27 homes for sale, the inventory of homes for sale has fallen by 17 representing a -62.96% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 0 homes sold in March was the same as in January. Compared to the same month last year, the number of homes sold did not change 0, a % year-over-year .

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in March (0) did not change Compared to the same month last year, the days on market for homes sold did not change 0, a % year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 0% in March remained level % compared to January and did not change % compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in March (6) rose by 6 compared to January, a % change. Compared to March 2019, the number of new listings increased by 5, a 500% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in March was $138,975. The median list price for homes in March rose by $138,975 compared to last month. This represents a % increase from January. Compared to the same month last year, the median list price of homes increased $99,075 representing a 248.3% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.