real estate statistics

Real estate statistics provide data about property markets, such as home prices, sales volume, and how long homes stay on the market. They help identify trends like rising or falling prices, market activity levels, and inventory shortages or surpluses. For example, a rising median home price indicates increasing values, while a high number of homes sold suggests strong demand. These figures assist buyers, sellers, and investors in making informed decisions by offering a clear picture of market health, affordability, and future outlooks.