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LOS ANGELES COUNTYMARKET ACTIVITY & TRENDS NOVEMBER 2022NOVEMBER 2022 SFR & CONDO SALES LAST 12 MONTHSMONTH OVER MONTH TRENDS SFR % Change Dec 2021Jan 2022Feb 2022Mar 2022Apr 2022May 20223.54%25.90%3.75%42.30%5.31%5.76%Jun
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How to fill out median days on market

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To fill out median days on market, follow these steps:
02
Obtain the data for all the properties sold within a specific time period.
03
Calculate the total number of days each property remained on the market before being sold.
04
Add up all the days on market for all the properties.
05
Count the number of properties sold during that time period.
06
Divide the total number of days on market by the number of properties sold.
07
The result will be the median days on market.

Who needs median days on market?

01
Median days on market is needed by real estate agents, property appraisers, and market analysts.
02
Real estate agents use this data to help determine listing prices and evaluate the competitiveness of the housing market.
03
Property appraisers use median days on market to assess the value of properties based on market demand.
04
Market analysts use this metric to track trends and make predictions about the real estate market.
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Median days on market refers to the midpoint of the number of days that properties are listed for sale before they are sold, providing a measure of how quickly homes are sold in a given market.
Typically, real estate agents, brokers, or organizations who are involved in property transactions in a specific market area are required to file median days on market.
To fill out median days on market, collect data on the number of days each property was listed before it sold, arrange these days in numerical order, and identify the middle value.
The purpose of median days on market is to provide an indicator of market conditions, helping buyers, sellers, and agents understand how fast homes are selling.
Information that must be reported includes the total number of properties sold, the number of days each property was on the market, and the calculated median.
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