Inverness Annual Real Estate Trends

Inverness
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $436,545 $485,000 11 43 94.8%      
1999 $514,146 $450,000 17 54 96.2% 17.8% -7.2% 54.5%
2000 $774,688 $757,500 24 44 110.5% 50.7% 68.3% 41.2%
2001 $643,650 $619,250 10 58 100.5% -16.9% -18.3% -58.3%
2002 $822,536 $795,000 14 93 98.1% 27.8% 28.4% 40.0%
2003 $795,533 $675,000 15 90 96.9% -3.3% -15.1% 7.1%
2004 $923,870 $915,000 23 79 103.2% 16.1% 35.6% 53.3%
2005 $886,285 $820,000 17 67 101.1% -4.1% -10.4% -26.1%
2006 $1,051,263 $1,025,000 19 89 98.6% 18.6% 25.0% 11.8%
2007 $1,029,769 $940,000 13 91 98.9% -2.0% -8.3% -31.6%

DEFINITIONS

Median Price
Median Price is that at which 50% of properties sold were above that price and 50% were below.
Average Price
Average Price is the sum of all prices divided by the number of sales.
DOM
Average Days on Market is the average time it took to sell all properties.
SP/LP
The average selling price divided by the average list price.

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Based on information from BAREIS for the period January 1998 through January 2007.