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Statistics abound in the real estate profession. It just comes with the territory, both at the national and local levels. However, active buyers and sellers shouldn’t put too much stock in generalized, high-level data about sales in an area because a home price and time on market can vastly differ from the average depending on several factors: time of year, the condition of the property and the exact location (even block). A home for sale next to the beltline, for example, isn’t going to fall in line with expectations for a listing 2 blocks away even though they both are in the same neighborhood.

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But statistics are a good starting point for realtors to establish a baseline of res...

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