There are many ways to calculate the average time needed to sell your house and to calculate an average sale price. One of the easiest ways is to contact 3 real estate companies / agents and have them provide you with a comparative market analysis as part of the listing process. You may have to compensate them pending your area's protocols.
Another way, will be to contact your assessors office and have them provide a list of comparable sales from your area. Many assessors' offices use data from the county / regional clerk's / recorders office to validate their methodology and assessments on real property. Your county real property office will also have real time data available as to properties sold in your area, and can usually provide data as to how many, and price, though they will not have days on market data.
Also, many local papers have a real estate section that lists properties sold, and prices sold as well. The hard part will be determining days on market, and comparing house details with that of your property. For this, you will likely need to engage the services of a reputable real estate office / agent with access to a multiple listing service provide you with this data. Also ask for a average (mean) of listing price to sale price as well.
Answer Submitted on Wed, Dec 3 2008
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