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Price Profile is designed to show at a glance the range of prices in a town and how they are distributed. This chart may be used to illustrate to buyers which towns are most likely to have homes in their price range. It is based on the selling prices of listings that sold in the preceding 12 months. Looking at this chart you could quickly tell that, for example:
- 70% of the homes are between $500K and $750K
- 10% are below $500K
- 5% are over $2M
- Etc.
The x-axis scale is percent (%). The y-axis is price ($). Each point of the chart represents the percentage of properties at or below the price.
Comparing charts from several towns can help buyers tell things like: - There will be lots of people with similar priced homes in town
- They will be buying near the top end of the market
In addition to the selling prices for the past 12 months, the Advanced version of the Price Profile also shows figures for (1) the preceding year (that is 13 to 24 months into the past), (2) Current Listing Prices, and (3) Tax Assessments. These can show how different price ranges are moving and how the markets in different towns compare. |
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