This is a very interesting chart!
It is showing two things:
1) The average number of days units are staying on the market. As you can see it’s not long. You may be surprised to know that in a typical (non-California) situation, a property is on the market an AVERAGE of 60-90 days!
2) The green line going across the top is showing you the ratio of List Price to Sold Price. So a number of 101 is telling us that homes are, on average, selling at 101% of the asking price. What does this mean to you? Well if you are hoping that you will be able to offer significantly less than what the seller is asking, the odds are against you getting the house.