ATL ARCHIVED February 2016 | Page 13

Cobb MARKET ACTION REPORT County: Cobb February 2016 Agent Name Title Phone Website Other Community Information | School District Price Range: $1,000,000 and Up | Properties: SFH - Condo Days On Market for Sold Properties Market Time The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for February was 252, up 62.6% from 155 days last month and up 203.6% from 83 days in February of last year. The February 2016 DOM was at a mid level compared with February of 2015 and 2014. Average Days on Market (Listing to Contract) for properties sold during the month 400 350 300 250 200 150 100 50 0 252 75 Selling Price vs Original Listing Price 83 M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 13 14 15 16 -101 The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The February 2016 Selling Price vs Original List Price of 85.6% was down from 93.9% last month and down from 96.6% in February of last year. 3 Mo Avg Selling Price versus Listing Price Ratio 120% Avg Selling Price divided by Avg Listing Price for sold properties during the month 93.2% 100% 3 Mo Avg 96.6% 85.6% 80% 60% 40% 20% 0% M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 13 14 15 16 Inventory / New Listings / Sales 0 New Listings Sales 120 127 120 118 111 116 110 104 113 128 This last view of the market combines monthly 120 inventory of Properties for sale along with New Listings 100 and Sales. The graph shows the basic annual 80 seasonality of the market as well as the relationship between these