How is the market information in the Market Snapshot relevant to me and my home?

In many ways! In the Asking and Sold Prices view, the Asking Prices and Sold Prices graph depicts the average price and the high/low price of homes for sale in your area that are similar to yours. The graph also depicts the selling price of homes similar to yours that have recently sold. This graph gives you a general indication of what the prices of homes like yours have been doing in the time frame you selected.

In the Asking vs. Selling Price view, the graph the prices that sellers originally ask for their homes with the prices they actually get when their homes sell. Note that if the selling price is equal to or more than the asking price, then you might be in a sellers' market and it will generally be easier to sell your home for the price you ask. If the selling price is considerably less than the asking price, then you might be in a buyers' market and it will generally be more difficult to sell your home for the price you ask.

The Time on Market view depicts the average number of days that homes similar to yours were on the market before they sold. The graph also depicts both the most and least number of days that homes similar to yours were on the market before they sold. Note that the lower the average days-on-the-market, the more it is a sellers' market and it will generally be easier to sell your home for the price you ask. The greater the average days-on-the-market, the more it is a buyers' market and it will generally be more difficult to sell your home for the price you ask.

Finally, the Number of Homes view compares the number of homes similar to yours that have recently been put up for sale, the number that have recently sold and the total number of homes for sale. Note that if recent sales considerably outnumber recent listings you could be in a sellers' market and if recent listings considerably outnumber recent sales you could be in a buyers' market.